HSBC Trinkaus to withdraw from Luxembourg

HSBC Trinkaus & Burkhardt, a German arm of the HSBC Group, has announced that it will be withdrawing from its business in Luxembourg following a strategic review of its operations.

The decision will affect two wholly-owned Luxembourg subsidiaries of HSBC Trinkaus, its banking operation and its fund management business. Other operations or businesses of HSBC Group companies based in Luxembourg will not be affected.