Grupu Financiero HSBC, which is a subsidiary of HSBC Latin America Holdings (UK), is a local banking and financial services institution based in Mexico City, Mexico. The firm primarily operates through its subsidiary HSBC MAexico, which provides banking and financial products and services in the Mexican market. Its other subsidiaries include the local insurer HSBC Seguros, the financial systems advisor HSBC Servicios, brokerage firm HSBC Casa de Bolsa, and HSBC Global Asset Management. The bank's products and services cover accounts, credit cards, mortgage and auto credits, investment funds, insurance, pensions, factoring, international trade, fiduciary services, cash management, corporate and investment banking, GLS, bonds, government banking, tax collection, internet banking, guarantee, liquidity, recruitment and protection, foreign currency transactions, payments, and business card.