HSBC Rail
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HSBC Rail (UK) Ltd is one of the three major ROSCOs (Rolling Stock Companies) in the United Kingdom. Created in 1994 as part of the privatisation of British Rail, it owns around a third of passenger railway locomotives, multiple units and coaching stock running on Network Rails system which it leases to various train operators. In common with the other ROSCOs, Angel Trains and Porterbrook, it is now owned by a major banking group, in this case HSBC.
HSBC Rail was established on 21 March 1994 [link] as Eversholt Leasing, it was subsequently purchased by a consortium of investors led by Candover in February 1996. HM Government realised a sale worth €883 million, however 13 months later Candover sold Eversholt to Forward Trust, part of the HSBC Group for €1 billion [link].
HSBC Rail offer investment and financing solutions to passenger and freight rail industry both in the UK and the rest of the world. Financing services range from, operating leases, procurement, refurbishment, engineering support and maintenance improvements. The company manages a fleets of over 4000 vehicles, and as such maintains a team of in house engineers to work on re-engineering projects to deliver improved performance, reliability and passenger environment [link].
See also
- HSBC
- Porterbrook
- Angel Trains
- Privatisation of British Rail
- List of companies operating trains in the United Kingdom
External links
| British Rolling Stock Companies (ROSCOs) | ||
|---|---|---|
| Angel Trains - HSBC Rail - Porterbrook | ||
| Corporate Directors: Baroness Dunn | Sir Brian Moffat | Stephen Green | Lord Butler of Brockwell | Raymond Ch'ien | John Coombe | Rona Fairhead | Douglas Flint | William Fung | Michael Geoghegan | Sharon Hintze | James Hughes-Hallett | Sir Mark Moody-Stuart | Stewart Newton | Simon Robertson | Helmut Sohmen | Sir Brian Williamson |
| Brands: The Bank of Bermuda | Beneficial | first direct | Hang Seng | HFC | HSBC | HSBC Bank International | HSBC Halbis Partners | HSBC Investments | HSBCnet | HSBC Premier | Marbles | M&S Money | Proa |
| Local Banks: Argentina | Australia | Bermuda | Brazil | Canada | China | Egypt | France | Germany | Hong Kong | Iraq | Malaysia | Middle East | Malta | Mexico | Poland | Turkey | United Kingdom | United States |
|
Minority Stakes and Joint Ventures: Bank of Communications (19.9%) | Bank of Shanghai (8%) | HSBC Saudi Arabia Limited (60%) | Ping An (19.9%) | Techcombank (10%) | The Saudi British Bank (40%) | UTI Bank Limited (4.99%) | Wells Fargo HSBC Trade Bank N.A. (20%) |
| Annual Group Revenue: .7 billion USD ( 10% FY 2005) | Employees: 284,000 | Stock Symbol: LSE: [HSBA] | Website: [www.hsbc.com] |
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