HSBC Trinkaus
| Company type | Aktiengesellschaft (AG) |
|---|---|
| Industry | Financial services |
| Founded | January 1, 1785 in Düsseldorf, Germany |
| Founder | Christian Gottfried Jäger |
| Headquarters | Düsseldorf , Germany |
Area served | Germany, Austria, Luxembourg, Switzerland |
Key people | Management Board (5 members) |
| Products | Private banking, commercial banking, investment banking, asset management |
| Owner | HSBC Group (99.33% ownership as of 2020) |
| Parent | HSBC Continental Europe (planned transfer from HSBC Bank plc by end of 2023) |
| Website | www |
HSBC Trinkaus & Burkhardt AG, known commercially as HSBC Deutschland, is a German financial institution with origins dating back to 1785, making it one of the longest-established entities within the HSBC Group. The company provides services across private banking, commercial banking, investment banking, and asset management. HSBC intends to relocate ownership of HSBC Trinkhaus from its UK-based parent, HSBC Bank plc, to its Paris-based unit, HSBC Continental Europe, with plans to convert it into a branch by the end of 2023.
The bank’s headquarters are situated in Düsseldorf, and it operates additional branches in cities including Baden-Baden, Berlin, Dortmund, Frankfurt, Hamburg, Hanover, Cologne, Mannheim, Munich, Nuremberg, Stuttgart, as well as in Vienna, Austria.
History
The institution was originally founded in 1785 by Christian Gottfried Jäger in Düsseldorf. It adopted the name of Christian Gottfried Trinkaus in 1852 when it redirected its focus solely towards banking activities. By 1919, family ownership ended as institutional investors took over, with significant participation from Deutsche Bank.
In 1972, C.G. Trinkaus merged with Bankhaus Burkhardt & Co, which had been established in 1841, facilitating expansion into markets such as Luxembourg and Switzerland. Two years later, majority ownership was acquired by US-based Citibank. By 1980, the UK’s Midland Bank had assumed majority control. In 1985, Trinkaus & Burkhardt transitioned into a partnership limited by shares (KGaA) and went public.
Following HSBC’s acquisition of Midland Bank in 1992, control over Trinkaus & Burkhardt was obtained. The Swiss operations were subsequently merged into HSBC Guyerzeller Bank. The German entity was rebranded as HSBC Trinkaus & Burkhardt KGaA in 1999 and later became HSBC Trinkaus & Burkhardt AG in 2006. To commemorate its 225th anniversary in 2010, the bank increased its share capital by EUR 150 million to support growth in corporate banking. Its 2013 Growth Initiative aimed to establish HSBC as Germany’s foremost international bank serving domestic clients.
In August 2006, the company converted from a partnership to a corporation limited by shares (AG). By 2014, it reported a pre-tax profit of €213.6 million and held a Fitch credit rating of AA− (Stable), representing the highest rating among private banks in Germany.
In May 2020, HSBC purchased an 18.66% stake from Landesbank Baden-Wuerttemberg (LBBW), raising its ownership to 99.33%, with intentions to acquire the remaining shares. The firm is governed by a Management Board comprising five members.
In June 2024, reports emerged that ABN Amro was engaged in discussions to acquire HSBC Trinkaus & Burkhardt.