HSBC Korea announced Tuesday that it will offer a one-stop energy solution customized to meet the increasing demands of Korean clients in risk management and investment purposes through its strategic alliance with a petroleum trading company.
Matthew Cannon, head of the global market at the U.K-based global company said that the combined strength of HSBC and Total Oil Trading SA (TOTSA) will connect the bank’s customers to experts across all elements of the energy value chain.
Under the alliance, each partner focuses on its core expertise: deal origination and credit risk management for HSBC and oil trading for TOTSA.