HSBC Rail is part of HSBC Group, one of the largest banking and financial services organizations in the world. The ten-year old company, based in London, provides a comprehensive range of services from straight-forward funding to full service contract hire, all geared to meet the changing needs of the rail industry. At the end of 2006, HSBC Rail held assets worth some £2.4 billion, annual revenues of almost £300 million and just under 100 employees.