HSBC established a presence in Sub-Saharan Africa in 1981 and entered the South African market in 1995. As an integrated and collaborative member of the Group, HSBC Africa provides clients global reach and capability with in-depth local knowledge. Our principal activity across the region is that of our Global Banking and Markets business. The Business is managed out of the Regional Hub in Johannesburg, complimented through regional representative offices thereby ensuring our local relationship managers and product specialists tailor international products to our African based client needs. Our Commercial Banking business offers the same services to large local and international corporates. The third activity within the African portfolio is the representative office of our Offshore personal bank, based in the Channel Islands, which services African-based Premier clients. As in any other part of the globe, our position in Africa is the same; we are the worlds local bank.