HSBC in Mexico

Grupo Financiero HSBC is one of the leading financial and banking groups in Mexico, with 866 branches, 5,603 automated teller machines and approximately 14,089 employees.

Assets
MXN 819,469 million as of September 30, 2023

Profit before tax
MXN 9,883 million as of September 30, 2023

Capital strength
Capital index: 15.3% as of September 30, 2023

Structure

Grupo Financiero HSBC, S.A. de C.V. is made up of the following subsidiaries:

  • HSBC México, S.A. Banco
  • HSBC Seguros, S.A. de C.V.
  • HSBC Casa de Bolsa, S.A. de C.V.
  • Global Asset Management (México), S.A. de C.V.
  • HSBC Servicios, S.A. de C.V.

Grupo Financiero HSBC is a directly controlled and 99.99 per cent owned subsidiary of HSBC Latin America Holdings (UK) Limited, which in turn is wholly controlled by HSBC Holdings plc.

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$3,021bn as of September 30, 2023, HSBC is one of the world's largest banking and financial services organizations.


Diversity and inclusion

Being inclusive is part of our culture. We have a working environment where people are valued, respected and supported to reach their full potential, benefitting both our staff and our customers. Visit https://www.hsbc.com.mx/diversidad/ to find out more about the actions we are taking. Please note this is in Spanish only.

Corporate governance

Grupo Financiero HSBC has two local administrative entities:

  1. The Management Board, made up of independent directors and led by the CEO HSBC Mexico, Jorge Arce
  2. The Executive Committee, made up of the main executives of HSBC Mexico and chaired by the CEO, Jorge Arce

Download more information on HSBC Mexico Board of Directors (PDF 360KB) and Executive Committee (PDF 377KB).

Code of Conduct

Our Conduct Approach guides us to do the right thing and to focus on the impact we have for our customers and the financial markets in which we operate.

It complements our purpose and values and, together with more formal policies and the tools we have to do our jobs, provides a clear path to achieving our purpose and delivering our strategy.

Code of Conduct (PDF 525KB)

Please note that this document is available in Spanish only.

Remuneration System

Below is the Remuneration System details based on the CUB 168 BIS 3.

Remuneration System (PDF 224KB)

Please note that this document is available in Spanish only.

Anti-Bribery and Corruption Policy

HSBC operates globally a zero tolerance approach to bribery and corruption. The Anti-Bribery and Corruption Policy sets out the key principles and minimum control requirements that enable HSBC to mitigate the risk and comply with all laws and regulations:

Anti-Bribery and Corruption Policy Statement

Humans + machines = an ethical AI future

12 February 2024

It’s vital that when humans and machines work together, artificial intelligence is used responsibly and ethically, says EJ Achtner.

Our game-changing approach to wealth recruitment

17 January 2024

To build the workforce of the future we need to prioritise transferrable skills over experience, says Laura Powell.

The power of digital currency programmability

12 December 2023

Bojan Obradovic believes the programmability of digital currency could be one of its key benefits – as well as one of its key risks.