Business

HSBC voted ‘Market Leader in Cash Management – Sri Lanka’

Globally, HSBC was named the Best Global Cash Manager by Corporates in the Euromoney Cash Management Survey 2020, for the ninth consecutive year, retaining the bank’s position as the global market leader in cash management. HSBC also retained the number one ranking in Asia-Pacific and the Middle East, and was named number one regional cash manager for corporates in North America. Overall, for 2020, HSBC was awarded the number one slot in 22 markets including Sri Lanka, Mexico, Hong Kong, Egypt, Ireland US, UK, Canada, and Australia, amongst others.

Each year, Euromoney surveys cash managers, treasurers, and financial officers worldwide to rank and assess their top providers of cash management services. For 2020, the survey was split into separate questionnaires for corporations and financial institutions. Respondents were asked to indicate which banks they currently use most for their cash management services and to rate their most used cash managers from “Unsatisfactory” to “Exceptional” across various service categories. 

HSBC Sri Lanka and Maldives Head of Wholesale Banking Stuart Rogers commented: “This is fantastic news to close an incredibly challenging year. I want to thank our customers for the trust they have placed in us as their financial partner. It’s always great to hear it straight from our customers and to know that the hard work the team has been putting in is making a difference for many of them, especially in a year when they have really needed us. I see this as a reflection of our commitment to consistently deliver excellent results for our customers. I’m very proud of what we have achieved and there’s no better way to step into 2021.”