HSBC named best cash manager for corporates across the Middle East

MUSCAT: HSBC Bank Oman SAOG was named the leading Domestic Cash Manager for Corporates in the Euromoney Cash Management Survey 2019, making it eight years in a row that Omani corporates have voted for HSBC to receive the accolade. Omani corporates also voted HSBC the #1 Cash Manager for Overall Service in the country. “We are very proud of this recognition and happy to once again win our corporate customers trust in our ability to meet their payment and liquidity requirements. We will continue to leverage our unmatched global connectivity and our innovative products to better serve our clients in Oman” said Andrew Long, CEO of HSBC Bank Oman.

Regionally, HSBC was named the Best Cash Manager for Corporates in the Middle East for the seventh consecutive year.

Noor Adhami, Head of Global Liquidity and Cash Management, HSBC MENAT, said: “This is a fantastic result for HSBC and reflects the strength of our franchise in the Middle East as well as our ability to deliver a market leading cash management proposition. I would like to thank all of our customers and partners for their continued trust and support.”

In the global category of the same Euromoney survey, which had responses from over 25,000 cash managers, treasurers and financial officers worldwide, HSBC was named the Best Global Cash Manager for Corporates.

HSBC’s Global Liquidity and Cash Management team helps corporate clients and financial institutions to handle the payment flows across their businesses in order to help them better manage their liquidity and working capital positions. Such payments can be to and from a range of stakeholders, whether to staff, suppliers, the government and others, or can be received from their own customers and others in a variety of payment types – cash, cards and the different forms of electronic payment.

This is in addition to providing clients with a comprehensive suite of market leading, innovative solutions and products to help them do business every day. Key to all of this is the provision of direct corporate connectivity to the Bank’s award winning HSBCnet and HSBC Connect platforms.