Mohamed al- Tuwajiri (left) with Clive Horwood, editor of Euromoney at the award ceremony

HSBC, and its affiliate Saudi British Bank (SABB), have won seven awards at the recent Euromoney Middle East awards, the largest number got by any competing bank.
Euromoney awards are recognised as one of the most prestigious international banking awards in the industry and are given to institutions that demonstrate leadership, innovation and momentum in the markets in which they excel.
Simon Cooper, deputy chairman & chief executive officer of HSBC Middle East & North Africa said,  “While this year has not been without its challenges, HSBC has remained open for business throughout and has maintained its commitment to the region: one that stretches back over half a century. The Mena region is a fundamental part of HSBC’s strategy and we continue to grow and invest in this significant emerging market. We would like to take this opportunity to thank our clients and dedicated staff. Without them, we could not have won these awards.”
Mohamed al-Tuwajiri, HSBC head (Global Banking and Markets for Mena) said, “We are delighted to be able to pick up these important awards. Not only are these a testament to our regional ability, but they also demonstrate the breadth of our business in Mena. These awards are proof that we are the bank to arrange a client’s bond, or help them raise money with an IPO, and that we are also the bank that can help them with their regular day-to-day business needs. So, whether that’s their cash management or their ‘Flow’ business – their regular foreign exchange or risk management requirements that help them do their business - we are the bank to help.”
Earlier this year, HSBC was named “Best Research House–Economics” in the Middle East for the second year running by Euromoney magazine, and in October 2011, the IMF named HSBC Best Middle East Economics Research House in its 2011 Emerging Markets research awards.
On HSBC winning so many awards, al- Tuwajiri said, “The key is how we’re structured here. We are a full service bank, and these awards reflect that. What I mean by this, is that we can issue bonds for our clients, but we can also deal with their day to day financing – so for our clients who buy and sell, we can help them with their risk management and also, for those clients who trade cross border, we can help manage this foreign exchange risk.
“So, we are there for clients who are doing major transactions and need advice or financing, and we can also help with regular financial products. That is very significant, as historically, many clients have seen banks as falling into either category – rather than both.”