HSBC voted best FX Bank in Asia-Pacific
Tuesday, 24 November 2009
The Hongkong and Shanghai Banking Corporation (HSBC) Limited has won seven major awards in the 'FX Week Best Banks Awards for 2009' including winning 'Best Bank for FX for Corporate' for the fifth year running.
The bank also won all three emerging markets categories, adding the award this year for 'Best Bank for Emerging Latin American Currencies' to its domination of the EMEA and Asian currencies.
In addition, HSBC also won awards in the following categories: Best Bank for Foreign-Exchange (FX) Research and Strategy, Best Bank for Emerging Asian Currencies, Best Bank for Emerging EMEA Currencies, Best Bank for Emerging Latin American Currencies and Best Bank for Forward FX.
The FX Week said HSBC won the title of Best Bank for FX in the Asia-Pacific 'with a commitment to providing consistent liquidity, as the market turmoil forced competitors to cut their exposure to the region.' FX Week continued: "HSBC, which also topped the emerging Asia, Latin America, and Europe, the Middle East and Africa currencies benefited from investment into electronic commerce, risk management and product distribution infrastructure, providing a standardised service to all clients."
Frederic Boillereau, global head of Foreign Exchange and Metals said: "These awards recognise the quality of our FX research product, the excellent service we provide to corporate, and the strength of our global emerging markets franchise."
The bank also won all three emerging markets categories, adding the award this year for 'Best Bank for Emerging Latin American Currencies' to its domination of the EMEA and Asian currencies.
In addition, HSBC also won awards in the following categories: Best Bank for Foreign-Exchange (FX) Research and Strategy, Best Bank for Emerging Asian Currencies, Best Bank for Emerging EMEA Currencies, Best Bank for Emerging Latin American Currencies and Best Bank for Forward FX.
The FX Week said HSBC won the title of Best Bank for FX in the Asia-Pacific 'with a commitment to providing consistent liquidity, as the market turmoil forced competitors to cut their exposure to the region.' FX Week continued: "HSBC, which also topped the emerging Asia, Latin America, and Europe, the Middle East and Africa currencies benefited from investment into electronic commerce, risk management and product distribution infrastructure, providing a standardised service to all clients."
Frederic Boillereau, global head of Foreign Exchange and Metals said: "These awards recognise the quality of our FX research product, the excellent service we provide to corporate, and the strength of our global emerging markets franchise."