HSBC and Merrill Lynch have picked the board of directors and management team for their new joint global online banking and investment services company.

The 50/50 partnership, with a combined investment of $1bn (€1.08bn), will operate a global wealth management and investment services company targeting non-US customers with at least $100,000 to invest.

Merrill and HSBC pick management for online venture

Marc Sousley

HSBC

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