Martin Tricaud, Chief Executive Officer for HSBC in the Middle East, North Africa and Turkey (MENAT)
Doha: HSBC has been named the Best Investment Bank in the Middle East at the 2020 Euromoney Middle East Awards for Excellence. HSBC collected a total of six Middle East awards, once again featuring prominently in Euromoney’s list of honours which are considered the most prestigious in the financial services industry.
In addition to the marquee award of Best Investment Bank, HSBC was also named the Middle East’s Best Bank for Transaction Services and the Middle East’s Best Bank for Sustainable Finance - the second year in a row that HSBC has received both of these awards.
The bank also collected an Excellence in Leadership award in recognition for the support it has provided to customers, employees and communities in the region throughout the COVID-19 pandemic.
At a country level, HSBC was named the Best Investment Bank in Oman and the Best Investment Bank in Kuwait. Martin Tricaud, Chief Executive Officer for HSBC in the Middle East, North Africa and Turkey (MENAT), said: “The Middle East is a region prioritised for growth and investment by HSBC Group. Being recognised as having the best Investment Banking, Transaction Services and Sustainable Financing platforms in the market is excellent news for our customers, as these are all areas in which clients repeatedly tell us they have specific focus for the future – and where consequently we have put a clear emphasis on innovating and investing to deliver the very best service possible.”
Over the last year, HSBC has been at the forefront of landmark financing activity throughout the Middle East. It has helped attract international investors into the region’s capital markets and introduced issuers from the Middle East to new pools of liquidity in Asia and around the world.
HSBC has nurtured the development of the region’s sustainable finance market by not only helping execute large and complex deals but also by driving the innovation of new products such as sustainabilitylinked loans. Meanwhile, in the transaction services space, HSBC has pioneered the use of new technologies such as blockchain to transform the future of international trade and invested in digital tools to make payments faster and more secure.
In more recent months, HSBC’s values – being dependable; being open to ideas and cultures; and being connected to customers, communities, regulators and each other – have driven its response to the COVID-19 pandemic in the Middle East. As well as helping customers utilise relief and economic stimulus measures, HSBC accelerated its digital transformation programme by introducing new solutions for customers such as video conferencing and digital signatures.
Martin Tricaud added: “The work to prepare for life after COVID-19 has already started and we are proud to be helping our customers, people and communities get in the best possible position for the eventual recovery.”
