Grupo Banistmo

Grupo Banistmo was a Panamanian financial services company, and the largest in Central America. It was founded in 1984. In 1999 it began an expansion strategy that has resulted in the acquisition of banks in several Central American countries, as well as Colombia and the Bahamas. It was the holding company of Primer Banco del Istmo, S.A. or Banistmo, the largest bank in Panama. Its President and Chief Executive Officer was Alberto Vallarino. In November 2006 it was acquired by HSBC Holdings plc, and merged with HSBC Bank (Panama) S.A., the bank’s existing subsidiary in 2007.

HSBC

Board of directors	Douglas Flint (Group Chairman) Stuart Gulliver (Group CEO) Iain Mackay (Group Finance Director) Marc Moses (Group Chief Risk Officer) Phillip Ameen Kathleen L. Casey Safra A. Catz Laura Cha Lord Evans of Weardale Joachim Faber Rona Fairhead Sam Laidlaw John Lipsky Rachel Lomax Heidi Miller Sir Simon Robertson Jonathan Symonds

Brands	First Direct Hang Seng Bank HSBC HSBC Expat HSBC Premier HSBC Private Bank HSBC Trinkaus M&S Money Proa SABB

Principal local banks	Argentina Australia Canada People's Republic of China Egypt France Germany Hong Kong India Malaysia Middle East Mexico Panama Poland Saudi Arabia Sri Lanka Taiwan Turkey United Kingdom United States

Minority stakes and joint ventures	Bank of Communications (19%) HSBC Saudi Arabia (60%) SABB (40%) Techcombank (15%)

Predecessor companies	Grupo Banistmo Bank of British Columbia Barclays Bank Canada Beneficial Continental Bank of Canada Crédit Commercial de France Greenwich Savings Bank Guyerzeller Household Imperial Bank of Persia Lloyds Bank Canada Marine Midland Bank Midland Bank Republic New York Samuel Montagu & Co. Williamsburgh Savings Bank

Former subsidiaries	HSBC Bank (Brazil)

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See also