IN SEPTEMBER, the doors to HSBC's Corporate Banking premises opened at its new Team Valley location, and in doing so became the new corporate banking hub for more than 60 valued HSBC corporate customers across the region.
HSBC's North East team has grown from three people in 2004, to a core team of nine today. This growth, coupled with the expansion of the Commercial team and Retail banking facilities has led to the recent move to the new Team Valley premises.
Tony Leech, senior corporate banking manager for the North East said: "In the four years since our inception, the centre has doubled its income base as our market share has grown. We are proud to enter this new phase and bring our valued customers to outstanding new premises in the heart of the Team Valley."
The team works with many large, well-known companies based in and around Newcastle and further afield. It has a broad reach that spans as far North as the Borders through Northumberland and County Durham, and south to Teesside and into North Yorkshire. The team is part of a network of 12 centres across the UK which cater for the domestic and global banking needs of businesses with a turnover of more than pounds 25 million.
Tony Leech explained: "Essentially, we provide a full range of banking services across all aspects of financing and adding value to a business. These include everything from the provision of clearing facilities, working capital, leveraged finance, corporate acquisitions and restructuring, to asset based finance, treasury and trade services."
He continued: "Our customers operate across a diverse range of sectors too, from manufacturing to mining, environmental to food businesses, reflecting the diversity and vibrancy of business in the North East."
The corporate banking team is composed of multi-skilled experts who have spent their careers in financial services, spanning commercial, retail and private banking, as well as corporate finance. This ensures they have the cross section of know-how to support all customers' banking needs. In fact, the majority of the team has spent a minimum of 10 years in banking.
However, it is the powerful combination of local knowledge and expertise, with a bank offering strong international credentials which is becoming critical to many businesses in …