HSBC has beaten the competition to be named ‘Best Cash Management Bank’ globally for corporates, retained regional awards for best Cash Management Bank in Asia, Australia, and the Middle East and won a raft of awards in the ‘Financial Institutions’ category, in the highly regarded Euromoney customer survey.
HSBC Payments and Cash Management was voted Best Cash Manager for Sterling transactions in Western, Central and Eastern Europe, and North America; Best Cash Manager for Euro, Dollar, Sterling and Yen in Asia; for Sterling and Yen in Latin America; and for Dollar, Sterling and Yen in the Middle East.
“These awards reflect our partnership approach, the strength of our products, the effectiveness of our sales teams and the quality of service we provide to our customers," said Diane S. Reyes, Group General Manager and Global Head of Payments and Cash Management (PCM).
HSBC reclaimed the title Best Cash Manager in the UK, making the bank #1 in both of its home markets. In total, HSBC won 29 Country Awards including:
Australia, Bahrain, Bangladesh, Brunei, Chile, China, Egypt, Hong Kong, India, Indonesia, Japan, Kuwait, Lebanon, Malaysia, Mauritius, Mexico, New Zealand, Oman, the Philippines, Qatar, Saudi Arabia (SABB), Singapore, South Africa, South Korea, Sri Lanka, Thailand, United Arab Emirates, United Kingdom and Vietnam.
Euromoney magazine ranks the world’s providers of international cash management services on a global regional and country level based on an annual survey of 27,000 corporate cash managers, treasurers and finance officers worldwide.