GlobalDataWed, Jun 4, 2025, 1:02 PM 2 min readIn This Article:HSBC UK Private Banking has implemented Addepar’s software platform, specifically designed for wealth managers.According to the tech vendor, HSBC is the first major UK bank to use its platform.The move follows its adoption by HSBC’s US Private Bank, with plans for further rollout in the Channel Islands and Luxembourg later this year.Advertisement: High Yield Savings OffersHSBC UK Private Banking serves both domestic and international ultra and high net worth clients, as well as family offices.HSBC UK Private Banking investment counselling head James Thomson said: “As a leader in the alternatives space, with more and more private banking clients wanting to have a proportion of their portfolio in this asset class, Addepar's advanced alternatives reporting capabilities was an important selling point.”The Addepar platform is said to offer enhanced client reporting capabilities, enabling relationship managers and investment advisers to provide tailored, comprehensive performance data and insights on client investments with minimal effort.It supports complex features such as alternative investments and account aggregation.The platform also allows clients to view aggregated performance data for investments held with other wealth managers, providing a complete overview of their entire investment portfolio.Addepar CEO Eric Poirier said: “Addepar exists to bring greater transparency, connectivity, and intelligence to the global investment ecosystem.“HSBC UK Private Banking's adoption of our platform reflects exactly that kind of forward-thinking leadership—embracing a solution designed to empower investors, advisers and their clients with a complete and timely data-driven perspective to confidently navigate complexity with actionable insights.”HSBC UK serves over 15 million active customers across the UK, supported by 23,900 colleagues.The bank provides a full range of retail banking, wealth management, and commercial banking services for small to medium businesses and large corporates.Meanwhile, last month, HSBC was in the news for dismissing more than 25 analysts as part of a restructuring effort to improve operational efficiency, according to Bloomberg."HSBC UK Private Banking deploys Addepar platform" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures5,994.00 +12.50 (+0.21%)Dow Futures42,666.00 +68.00 (+0.16%)Nasdaq Futures21,752.00 +46.00 (+0.21%)Russell 2000 Futures2,111.10 +5.00 (+0.24%)VIX17.45 -0.24 (-1.36%)Gold3,371.20 -5.90 (-0.17%)PortfolioSign in to access your portfolioSign inTop gainersMLTX MoonLake Immunotherapeutics 48.55 +7.39 (+17.95%)FERG Ferguson Enterprises Inc. 211.36 +31.07 (+17.23%)SMMT Summit Therapeutics Inc. 20.62 +2.89 (+16.33%)NEGG Newegg Commerce, Inc. 6.21 +0.87 (+16.18%)DG Dollar General Corporation 112.57 +15.40 (+15.85%)Top losersPONY Pony AI Inc. 13.84 -3.61 (-20.69%)SOC Sable Offshore Corp. 24.04 -5.14 (-17.61%)RGC Regencell Bioscience Holdings Limited 609.10 -108.90 (-15.17%)SATS EchoStar Corporation 16.15 -2.06 (-11.31%)LRN Stride, Inc. 142.55 -15.78 (-9.97%)Most activeNVDA NVIDIA Corporation 141.22 +3.84 (+2.80%)LCID Lucid Group, Inc. 2.1900 -0.0100 (-0.45%)APLD Applied Digital Corporation 10.25 +0.11 (+1.08%)F Ford Motor Company 10.19 +0.21 (+2.10%)HIMS Hims & Hers Health, Inc. 54.73 -2.04 (-3.59%)Earnings eventsTrending tickersCRWD CrowdStrike Holdings, Inc. 488.76 +9.59 (+2.00%)CRWV CoreWeave, Inc. 150.48 +30.28 (+25.19%)HIMS Hims & Hers Health, Inc. 54.73 -2.04 (-3.59%)HPE Hewlett Packard Enterprise Company 17.69 +0.35 (+2.02%)WFC Wells Fargo & Company 75.65 +0.93 (+1.24%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.