HypoVereinsbank is a private sector bank with more than 26,000 employees and over 680 branches. Its correspondent banking division offers account, payment, clearing, cash management, custody, trust and trade finance services. The bank also provides money market, foreign exchange, derivatives and securities operations. Its global shipping division offers project finance, cash and liquidity management, container leasing, wealth management and shipyard consulting services. The bank s core competencies include private and corporate customer services, real estate financing, capital market transactions and asset management. HypoVereinsbank is a member of the UniCredit Group, a financial institution that has more than 7,000 branches and over 28 million customers.