Day 1 FinanceAsia Achievement Awards 2003 - transactional banking

We are pleased to announce the winners of the following categories for transactional banking house awards: cash management; trade finance: custodian; sub custodian and securities lending.

Best Cash Management Bank

HSBC

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...

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