Best Cash Management Bank
2003 saw HSBC wage an intensive war to topple Citibank from its position as top cash management bank in the region. It was a war fought in part by spending heavily on technology and creating 30 new senior job positions across the region - a strategy that produced 1,200 new account wins during the year.
HSBC now boasts a total regional customer base of just over 310,000 with a growing number of these clients residing outside Hong Kong. A cash customer is classified as holding an active operating account and processing payables and receivables through the bank. HSBC has long been categorized as...