Hotel Sofitel Brussels Europe
16 September 2014

The second business meeting attended by President Benigno S. Aquino III in his Working Visit to the European Union and Belgium is with the company officials of Hong Kong and Shanghai Banking Corporation (HSBC) namely, Kevan Watts (Vice Chairman, HSBC Global Banking), Spencer Lake (HSBC Global Head of Capital Financing) and Jose Arnulfo Veloso (HSBC Philippines Chief Executive Officer).

Headquartered in London, United Kingdom, HSBC has around 6,600 offices in 80 countries and territories, providing banking and financial services to over 125 million customers worldwide.

The company started its operations in the Philippines in 1876 and currently has the following presence in the country – HSBC with seven foreign bank branches that earned US$220 million in revenues in 2013; HSBC Savings Bank (Philippines), Inc., a locally incorporated thrift bank with nine branches; HSBC Insurance Brokers (Philippines), Inc., a locally incorporated corporation that provides insurance brokerage services and has 1,251 employees; and HSBC Electronic Data Processing (Philippines), Inc. which has two Global Service Centers in Alabang and Quezon City, has 3,834 full-time employees and supports the needs of HSBC’s global business services and functions.

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