HSBC in Ireland

HSBC Ireland is one of the country's leading global banks. For more than 30 years, HSBC's business in Ireland has continued to grow and prosper, and we now employ in excess of 350 people providing a wide range of Corporate Banking and Securities Services to our clients.

Proud of our strong heritage and traditions, HSBC's strength throughout the centuries has been its ability to be innovative and build long-term relationships with its customers and within its communities. This approach, together with a commitment to grow our business organically in each of our markets, has allowed our customers to stay safe and secure.

If you have international ambitions for your business or are looking to harness our global capabilities for your company's growth explore the possibilities that HSBC Ireland can offer you by sending us an e-mail.

Management team

Alan Duffy

Chief Executive Officer and Head of Banking

Alan Duffy is Chief Executive Officer for Ireland. He has overall responsibility for HSBC’s Corporate Banking and Securities Services businesses in Ireland, which together employ in excess of 350 people.

Mr Duffy joined HSBC Ireland in July 2006 to help establish its Corporate Banking business, part of a wider expansion of HSBC's European Corporate Banking franchise. He maintains his role as head of Banking Ireland today.

Mr Duffy has significant international knowledge with 25 years corporate banking experience across the US, Canadian, Continental European and Nordic markets.

Before joining HSBC, he was Head of Wholesale Banking for ING Bank N.V in Dublin. Mr Duffy has also worked with Banque Bruxelles Lambert and Scotiabank in Canada.

Mr Duffy’s focus as CEO is continuing to build HSBC's credentials as Ireland's leading international bank, helping to further the ambitions of corporates in the export market, while attracting further investment in Ireland through the Securities Services business.

He is a business studies graduate of Trinity College Dublin, holds an MBA from The Smurfit Graduate School of Business Dublin, is a member of the Institute of Bankers and has recently completed Board qualifications with the Chartered Institute of Directors, London. Mr Duffy is President of Trinity Business Alumni and is a board member of Aware, the leading mental health charity in Ireland.


Tony McDonnell

Managing Director, HSBC Securities Services

Tony McDonnell is Managing Director and Head of HSBC Securities Services in Ireland. He has responsibility for the Securities Services business in Ireland, which provides services to in excess of USD140 billion in assets under custody and/or administration and growing the business.

Before his appointment as Managing Director, Mr McDonnell was Regional Head of Asset Managers – Europe and North America, Sales and Business Development, where he developed and implemented sector strategy and plans for HSS across all products and solutions.

Mr McDonnell has nearly seventeen years of experience in the fund administration industry and joined the Bank of Bermuda in 2002. After its acquisition by HSBC, he held a variety of senior client-facing roles, including Head of European Sales and Relationship Management for the Alternatives Sector in the Securities Services division.

His experience in Ireland and globally means he is well placed to develop the HSSI business as the country becomes increasingly important as a European hub for the funds management industry.

Mr McDonnell is a business studies graduate of Dublin City University, is a member of the Institute of Directors in Ireland and holds a Diploma in Company Direction from the Institute of Directors in London. 


For details about HSBC’s global operations, Group board members and financial results, go to our corporate website 

HSBC Group history timeline


Hong Kong harbour, Chinese artist, early 1860s

Staff in Fuzhou, China, 1887

Portrait of Thomas Jackson, around 1890

Chinese railway bond certificate, 1907

Staff in military uniform, First World War

Hong Kong building, 1965

Prison camp diary of HSBC staff member Max Haymes, 1943

Hong Kong garment factory, around 1950

Persian banknote, early 20th century

UK cash machine, around 1970

HSBC office, New York, 1999

HSBC lion, London, present day

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The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

By 1875 HSBC was present in seven countries across Asia, Europe and North America. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.

By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world. Bullion, exchange and merchant banking were important features of the bank’s business.

In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared.

The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation.

At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy. Its support helped established manufacturers as well as newcomers to Hong Kong grow their business.

By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London.

In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

As new markets blossom and flourish, HSBC continues to be where the growth is, connecting customers to opportunities. The bank enables businesses to thrive and economies to prosper, helping people fulfil their hopes and dreams and realise their ambitions.