HSBC named "Best Overall Bank for Cash Management" in the Middle East by Global Finance

Global Finance editors, with input from industry analysts, corporate executives and technology experts, reviewed a number of factors including market share, customer reach, customer service, product innovation and differentiation from competitors in making their decision.

Global Finance announced the results of its ranking for the Best Treasury and Cash Management Banks and providers in January 2009. In the Middle East, HSBC was awarded:
- Best Overall Bank for Cash Management
- Best Bank for Payment and Collections
- Best CLS-Linked Bank Offering

Paul Edgar, Regional Manager - Transaction Banking, HSBC Bank Middle East said:

"These awards reflect HSBC's commitment to innovative solutions designed to meet the evolving needs of clients, as well as our position in the cash management industry in the Middle East region. In the future, HSBC will continue to make investments and improve our services to retain our top position in the market."

"With the accolades we've won, the challenge is now how to deliver the initiatives planned for the rest of the year to ensure we stay ahead of the competition around the Region and remain the number one choice of our customers. I am confident we will continue to make a difference for our customers in the region." Paul added.