From Yahoo Finance: 2025-06-04 08:02:00

HSBC UK Private Banking has adopted Addepar’s software platform tailored for wealth managers, making it the first major UK bank to do so. The platform, already in use by HSBC’s US Private Bank, will expand to the Channel Islands and Luxembourg later this year.

The Addepar platform offers advanced client reporting capabilities, allowing relationship managers to easily provide tailored performance insights on client investments, including alternative investments and account aggregation. Clients can view aggregated performance data from multiple wealth managers for a complete overview of their investment portfolio.

HSBC UK Private Banking serves domestic and international ultra and high net worth clients, as well as family offices. The move to adopt Addepar’s platform was driven by the increasing demand for alternative investments among private banking clients, highlighting the platform’s advanced alternative reporting capabilities.

Addepar’s CEO, Eric Poirier, emphasized the platform’s focus on transparency, connectivity, and intelligence in the global investment ecosystem. The partnership with HSBC UK Private Banking reflects a forward-thinking approach to empower investors, advisers, and clients with comprehensive and timely data-driven insights to navigate complexity confidently.

HSBC UK serves over 15 million active customers in the UK, supported by a team of 23,900 colleagues. The bank offers a wide range of retail banking, wealth management, and commercial banking services for small to medium businesses and large corporates.



Read more at Yahoo Finance: HSBC UK Private Banking deploys Addepar platform