HSBC Bank Malaysia Berhad was incorporated locally in Malaysia on 1 October 1984. It is part of the HSBC Group and is a wholly owned subsidiary of HSBC Holdings plc, headquartered in London.In 1884, after the establishment of The Hongkong and Shanghai Banking Corporation Limited offices in Shanghai and Hong Kong, the bank established its third office in Penang, one of the Strait Settlements in present-day Malaysia, with permission to issue currency notes. The bank later opened its office in Malacca in 1909 and by the end of 1912, offices had opened in Ipoh, Kuala Lumpur, Johor Bahru and Kota Bharu.