- HSBC Private Bank (Suisse) S.A. (“HSBC”), a big banking conglomerate, provides traditional banking services to a Swiss and international private banking clientele. After a strategic review, HSBC decided to exit the Latin American clients and focus their business on selected core markets. Therefore, HSBC put the Latin American book up for sale.
- In summer 2016, the agreement to sell the clients from the non-core region through an asset deal with universal succession was signed with Banco Santander (Suisse). Banco Santander (Suisse) is a well established international banking conglomerate.
- CFM was mandated by HSBC as advisor to provide the whole range of M&A services.