2009 will be remembered for the severe economic crisis that occurred and the tremendous international cooperation that took place in order to overcome it.
 
Government-launched revival strategies and aid packages from the US Federal Reserve both played crucial parts in supporting the US market and the companies that surprisingly recorded a profit in 2009.
 
France and Germany both confirmed their leading status by coming out of recession earlier than the other member states of the European Union.

In China, the revival strategies and the upturn in domestic consumption played an effective role in achieving sustained recovery.

In 2010, we will need to identify other growth mechanisms and be able to cope with both the gradual halt of different support policies and any new regulatory changes.
 
HSBC Private Bank France, part of the HSBC Group’s global private banking network, is one of France’s leading wealth management specialists. It offers its clients a privileged position within the international financial scene, with access to a wide range of experts and information.

HSBC France is a universal bank, offering its private and corporate customers all the assets expected of a Group known worldwide : a very strong international presence, financial soundness, and innovative banking and technology.

HSBC Private Wealth Managers, an HSBC Private Bank France management company and a pioneer in the selection of external funds, has developed diverse and complementary expertise in direct asset management, the selection of managers and multi-management.

Edgewood Management Llc, founded in 1974, is an independent management company fully owned by its employees. The management team is made up of six managing analysts and two other analysts. The company specialises in managing large-cap growth funds on the US stock market.

Apax Partners is an independent management company that was founded in 1972. It is fully owned by its French associates, and its decision-making body is based in Paris. A pioneer in private equity, Apax Partners set up France’s first venture capital fund (Fonds Commun de Placement à Risque – FCPR) in 1983.