Winning Best Trade Bank and Best in Service for Trade Finance, the double win comes on the back of the news that HSBC Global Trade Receivable Finance (GTRF) team in Singapore has continued to grow its presence in the marketplace, increasing its leading market share to 12.7 per cent.
Commenting on the successes, Iain Morrison, Head of Singapore GTRF, said: “The awards reflect the high regard in which our clients hold our expertise.
Looking ahead to 2019, Iain said:
“2019 looks set to throw up new challenges, with trade wars and increased liquidity costs adding to the macro mix. Yet we are clearly are in a strong position to press on with the good work to date. We aim to deliver market leading solutions and to stand at the forefront of transformative trade transactions. We thank our clients for their continued support and look forward to achieving further success together in the years ahead.”
In addition, HSBC was named the world’s Market Leading bank in global trade finance for the second year running.
Natalie Blyth, Head of Global GTRF, said: “It’s fantastic to be recognised as the world's number one trade finance bank by our clients and is evidence that our efforts are paying off and we are match-fit to win. Trade is on the cusp of an exponential curve jump and we are reimagining our future state. We are truly transforming experiences for our customers and people and leading the industry, such as our blockchain development.”
In addition to the global title, HSBC was named market leader for trade finance in North America and in the Middle East. It also won recognition in individual countries and territories:
- Hong Kong
- Saudi Arabia