HSBC Halbis Partners will be a
specialised fundamental active investment business, focusing on
delivering sustainable, value-added performance in selected areas
including fixed income, Asian and emerging markets equities, European
equities, and some alternative strategies.

sustainable policies

practices country

com . The HSBC Group

HSBC Holdings plc is headquartered in the UK.

asia sustainable

"
Peter Marber, president of The Atlantic, said: "We're thrilled to
join an institution with a great global platform for our specialised
products .

policies practices

Business Editors

NEW YORK----HSBC Investments (USA)
Inc.

sustainable politically

alamo.
The Atlantic is a leading specialist manager of global emerging
markets fixed income products for some of the world 's largest
corporations as well as institutional and individual investors.

justice organization

It is the latest addition to HSBC's fixed
income business, headed by Gregg Diliberto, and gives us a team of
well known professionals with an impressive track record.

peace economies

The Alamo Rent A Car brand is
operated by Vanguard Car Rental USA Inc.
"This acquisition also confirms and strengthens our commitment to
building HSBC Halbis Partners into a focused 'alpha' business. The HSBC Group
serves over 110 million customers worldwide from over 9,800 offices in
77 countries and territories in Europe, the Asia-Pacific region , the
Americas, the Middle East and Africa.

caribbean organization

Alamo Rent A Car First to Launch New Touch Screen Kiosk; Another Industry First Kiosk Cuts Average Transaction Time in Half

organization independent

The
core portfolio management team of Peter Marber, Michael Gagliardi and
Denise Simon collectively have more than 50 years of experience
investing in markets in Asia, Africa, Eastern Europe, Latin America,
the Caribbean and the Middle East. With assets of US$1,277 billion
at 31 December 2004, HSBC is one of the world 's largest banking and
financial services organisations.

middle economies

com. That's where customers will always find our guaranteed
best rates, our pre-pay and save option, and the newest features that make the
travel process faster and easier," said Dow. At 31 December 2004, The Atlantic
had assets under management of over US$700 million.

east region

Activism by country and by region.

independent east

This technology allows customers to find a location,
view rates and reserve their vehicle, all at Alamo.
Chris Cheetham, the prospective global CEO of HSBC Halbis
Partners, commented: "This acquisition will significantly enhance
HSBC 's capabilities and expertise in managing global emerging markets
fixed income portfolios.

region mission

The transaction is expected to close in the second quarter
of 2005.
Until HSBC Halbis Partners is created in the USA, it will be a trading
name of HSBC Investments (USA) Inc.

grassroots organization

About Alamo
Alamo Rent A Car is one of the largest car rental brands in the world,
with locations throughout the United States, Canada, Mexico, Europe, the
Caribbean, Latin America, Asia, the Pacific Rim, Africa, the Middle East and
Australia. For more information about Alamo, including our Best Rate
Guarantee , log on to http://www.

organization grassroots

HSBC Halbis Partners

HSBC is currently seeking legal and regulatory approvals to
establish HSBC Halbis Partners in the USA and other jurisdictions.

caribbean practices

, a full year before the major
online travel agents.

independent caribbean

grassroots politically

"

Notes to editors:

1.

country east

"Alamo.

HSBC to Acquire Atlantic Advisors

latin activism

TULSA, Okla.

With the company's strong resources and unparalleled
commitment to emerging markets, we couldn't imagine any better partner
than HSBC.

politically practices

practices grassroots

com will always be the best place for our customers to make a
rental reservation. Together with other specialist
businesses and HSBC Investments, HSBC Halbis Partners will form part
of HSBC's Group Investment Businesses which , at December 2004, had
assets under management of US$224 billion. At December 2004, the HSBC
Group as a whole had assets under management of US$476 billion.

mission latin

is to acquire Atlantic Advisors LLC ('The Atlantic'), a privately
held fixed income investment management company headquartered in New
York City.
As announced on 4 May 2005, and subject to receiving the necessary
legal and regulatory approvals, HSBC is establishing HSBC Halbis
Partners, a specialised investment business, into which it intends to
integrate The Atlantic in due course.

changing middle

It will have around 200
investment professionals based in London, New York, Paris and Hong
Kong. HSBC is marketed worldwide as 'the
world's local bank'.