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HSBC Holdings plc and Harvard University have announced the creation of the Edmond J. Safra Fellowships in Ethics at Harvard. Created in memory of the distinguished international banker Edmond Safra, founder of Republic National Bank of New York, the fellowships were established with a gift of US$1 million from HSBC Bank USA, which merged with Republic National Bank in 1999. The fund will support up to four graduate fellowships annually at Harvard's Center for Ethics and the Professions.