HSBC voted ‘Best Cash Management Bank in Asia’ by clients in Euromoney poll

Wednesday, 10 November 2010 00:18 - - {{hitsCtrl.values.hits}}

HSBC Global Payments and Cash Management has once again been voted the ‘Best Cash Management Bank in Asia’ in Euromoney’s highly regarded Cash Management Poll.

Now in its 10th year, the poll recognises leadership in cash management through the polling of banks’ corporate and institutional clients. Treasury and finance professionals worldwide were asked to indicate which international banks they currently use for their cash management services.

They were then asked to rate the services provided by their lead ‘Cash Management Bank’ across various categories, such as the effectiveness of their cash management solutions, quality of service and support, sophistication of banking technology and systems security.

In addition to being voted the Best Cash Management Bank in Asia, HSBC also dominated the domestic polls, coming first in 13 markets by being voted as ‘Best Cash Management Bank’ domestically in Australia, Bangladesh, Brunei, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Sri Lanka, Taiwan and Vietnam – An unprecedented achievement.

Achieving this ranking reaffirms HSBC as the leading provider of integrated cash management services across the region, exemplifying the bank’s profile in global, regional and local markets.

Sohantha Wijesingha, Head of Global Payments and Cash Management at HSBC Sri Lanka, stated: “We are honoured to have been voted by clients as the ‘Best Domestic Cash Manager’ in Sri Lanka in recognition of our commitment to the delivery of tailor made cash management solutions for businesses across a wide range of industries and segments. No matter what their size or level of sophistication, now more than ever, clients are looking at ways to improve their working capital management and unlock liquidity with the help of a leading cash management specialist, such as HSBC. This award further epitomises our strength and capability in providing best in class cash management solutions that has resulted in us winning this accolade for the third straight year.”

Commenting on the accolade, John Laurens, Head of Global Payments and Cash Management, Asia Pacific, said: “We are grateful to our clients for participating in the poll and again recognising HSBC as the leader in Cash Management in Asia. I believe that our clients’ endorsement reflects the dedication of our team of professionals who place our clients at the centre of our product innovation, solutions advisory and service delivery.”

Laurens continued, “We are investing in our Global Payments and Cash Management franchise at unprecedented levels, evidencing our commitment to our clients to continue to lead the industry by providing them with the best team of cash management professionals to partner with, and the very latest in service innovation and product technology.”