Marlon Young to Head HSBC Private Bank U.S. Domestic Expansion

"Marlon brings more than 27 years of in-depth market experience tohelp further the private bank's expansion efforts in U.S.," saidGerard Aquilina. "He will work with our team of highly skilleddomestic private bankers to achieve much closer collaboration with ourpartners in tax, investment banking, corporate and commercial bankingand personal financial services as HSBC continues to grow itsfootprint nationwide."

Young joins HSBC after 27 years at Citigroup where most recentlyhe was the head of private client lending at Smith Barney. He has heldvarious leadership roles including head of the Northeast region forCitigroup Private Bank, head of investment finance and senior creditofficer for the U.S. Northeast and Mid-Atlantic regions. Hisinternational private banking experience encompasses assignments asteam head of the Hong Kong ultra high net worth segment and globalmarkets manager for Thailand. Young also has extensive corporatebanking experience covering the commercial real estate, automotive andenergy industries.

Young holds a Master's degree in business management from theAsian Institute of Management in Manila, Philippines and is fluent inEnglish, Tagalog and Mandarin.

Media inquiries to Juanita Gutierrez,juanita.gutierrez@us.hsbc.com, on 212.525.6282

Notes to editors:

HSBC Private Bank

HSBC Private Bank is the marketing name for the private bankingbusiness conducted by the principal private banking subsidiaries ofthe HSBC Group worldwide. HSBC Private Bank, together with HSBCGuyerzeller and the private banking and trustee activities of HSBCTrinkaus & Burkhardt, provides private banking and trustee services tohigh net worth individuals and their families through 74 locations inthe Americas, the Asia-Pacific region, Europe and the Middle East.Combined client assets under management were US$348 billion at 31December 2005.

For more information, visit www.hsbcprivatebank.com.

The HSBC Group

The HSBC Group has around 9,500 offices in 76 countries andterritories in Europe, the Asia-Pacific region, the Americas, theMiddle East and Africa and serves over 125 million customers. The HSBCGroup had total assets of US$1,502 billion at 31 December 2005.