HSBC tops polls for Best Bank in FX

HSBC's overall number three ranking was based on votes cast for each award by three groups of customers: corporates, banks and investors.

Among corporates, HSBC achieved outstanding results with a number one ranking overall, up from number six in 2004, and was voted number one in the following categories:

Best bank in FX in Asia-Pacific
Best bank in FX in London
Best bank for dollar/sterling
Best bank for euro/dollar
Best bank for euro/yen
Best bank for euro/sterling
Best bank for emerging EMEA currencies
Best bank for emerging Latin American currencies
Best bank for emerging Asian currencies
Best bank for FX research and strategy
Best bank for e-trading
Best bank in forward FX

Among the two other customer groups, HSBC was ranked number four for banks overall, up from number eight last year, and number four for investors overall, up from number seven in 2004.

Andrew Brown, head of FX at HSBC in London, said: 'Traditionally, we have had a very strong presence in corporate land, so we continue to devote a lot of resources to that because it's the central theme of our business. However, we are really looking to develop the depth of relationship across client tiers, and these awards are a tribute to our progress across all customer groups in the last year.'

In all, HSBC collected 69 top five rankings, 21 of which were number one.