A Legacy for Change

Hong Kong Tatler - - Foreword From Hsbc Private Banking -

hi­lan­thropy is em­bed­ded in HSBC’S his­tory. Archival HSBC records show­case cor­re­spon­dence with lo­cal phi­lan­thropists and lead­ers bent on build­ing Hong Kong into a truly pros­per­ous and live­able city.

A com­mu­nity thrives through so­cial in­vest­ment in its peo­ple, as well as pri­ori­tis­ing con­ser­va­tion and the en­vi­ron­ment. In ad­di­tion, those who can also see be­yond per­ceived com­mu­nity chal­lenges and iden­tify ways in which to cel­e­brate a com­mu­nity’s as­sets such as arts, cul­ture and her­itage, pro­vide a more bal­anced con­tri­bu­tion to the life of the com­mu­nity. In this way, the Pri­vate Wealth So­lu­tions team at HSBC Pri­vate Bank­ing con­tin­ues to help com­mu­ni­ties thrive by as­sist­ing oth­ers in their phil­an­thropic en­deav­ours.

HSBC’S char­i­ta­ble trust clients rep­re­sent the phil­an­thropic pi­o­neers of ear­lier eras and to­day’s en­tre­pre­neur­ial con­trib­u­tors. The most vi­sion­ary and gen­er­ous serve as fine ex­am­ples of how fam­ily en­ter­prises can cre­ate a legacy and suc­ceed in busi­ness while mak­ing last­ing phil­an­thropic con­tri­bu­tions. Asia has more than its fair share of en­trepreneurs over­flow­ing with ideas, de­ter­mi­na­tion and vi­sion, and many work with their fam­ily mem­bers and part­ners to gen­er­ously give back. HSBC con­nects these fam­ily en­ter­prises to the op­por­tu­ni­ties to cre­ate so­cial and en­vi­ron­men­tal change.

Clients trust us to ex­e­cute their phil­an­thropic wishes in per­pe­tu­ity. For many long de­ceased clients, the trusts they set-up, which are man­aged by our phi­lan­thropy team, an­nu­ally con­trib­ute to im­prov­ing the lives of Hong Kong’s res­i­dents.

Like busi­ness, fam­ily life is never static. And it is this very dy­namism which un­der­lines the im­por­tance of for­mal­is­ing how the fam­ily works to­gether as a unit—the key to en­hanc­ing unity and en­sur­ing con­ti­nu­ity. For us, phi­lan­thropy is a key in­gre­di­ent in grow­ing hu­man and so­cial cap­i­tal, and fam­ily gov­er­nance. Phi­lan­thropy can also play an in­te­gral role in ex­press­ing val­ues and en­cour­ag­ing par­tic­i­pa­tion, prob­lem-solv­ing, good com­mu­ni­ca­tion and ste­ward­ship.

At Pri­vate Wealth So­lu­tions, HSBC Pri­vate Bank­ing we take pride in our ef­forts to con­tin­u­ally build our phi­lan­thropy teams and part­ner­ships to fa­cil­i­tate client con­tri­bu­tions to the evolv­ing and grow­ing so­cial and en­vi­ron­men­tal chal­lenges of our times. This is an art as much as a science, and is solidly built on key client, fam­ily and com­mu­nity re­la­tion­ships—a cor­ner­stone of our busi­ness.

Alan Beattie Global Head of Pri­vate Wealth So­lu­tions, HSBC Pri­vate Bank­ing

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