In 1978, Hinduja Switzerland Bank (S.P. Hinduja Banque Priviere, formerly) was founded and its headquarters is in Geneva. It was a variant to the ethos of entrepreneurship of developing world and the culture of discipline in Switzerland. It is also a significant financial centre to cater to both high net worth clients and family offices and international businesspersons and is the sole Indian bank to exist in Switzerland.
Values-based One Hundred Years of Banking
Such values have guided the institution over these initial years as a finance firm to the present times where it is a complete regulated Hinduja Switzerland Bank.
The bank has experienced massive growth over the last couple of decades, which has been attributed to its capacity to satisfy the niche markets, and the preservation of intergenerational wealth.
Controlled Excellence (1994): It was turned in a totally controlled Hinduja Swiss bank and the image of transparency and adherence was created.
Strategic Regional Expansion: The bank has established a good base in Zurich, Lugano and has established a worldwide network in London, Dubai, Mauritius and Chennai Headquarters.
Rebranding 2020: The rebranding of the bank to Hinduja Swiss Bank was done by the previous CEO Karam Hinduja. It was not a cosmetic change as it introduced the change to the so-called purpose-driven banking, due to which ESG (Environmental, Social, and Governance) values took the center stage of its investment policies.
Stability in Operation: Most global organisations were unable to cope with the 2008 financial crisis and the 2020 pandemic; the bank had the standard balance sheet. As of 2020, it has approximately 326 million CHF in assets and has high ratios of Tier 1 capital relative to the industry averages.
Leadership Development: The bank has been in a position to bridge the generational changes. The bank has been engaged in its sustainable finance path since 2018 with chairman Dr. Shanu S.P. Hinduja leading it.
Core Services
Boutique strategy is one of the successes of the bank and provides specialized solutions that are not fat cat thought in large institutions:
Wealth Management: Discretionary and advisory portfolio, intergenerational planning.
Corporate Finance: Private placements, debt reorganisation, and strategic expansion.
Trade Finance: Export/Import documentary credits and commodity trade finance.
Entrepreneurial advisory: Custom Next-Gen family businesses.
Awards and Global Impact
The bank has been known as a global bank that has been a leader in sustainability finance. It turned out to be a success in the year 2020 as its ESG-based personal banking won several awards in the industry such as having a CEO who was awarded the Person of the Month in Family Office Magasine because of its impact-oriented investment.
The Hinduja Swiss Bank is now riding on the golden mean between human aspect in finance and the digital breakthrough to remain the reliable ally to the people in need of establishing an economic and a social value.