HSBC Qatar picks up three honours at Euromoney awards

HSBC received three major awards at the annual ‘Euromoney Awards for Excellence’ event held in Dubai recently.HSBC was awarded ‘Best investment bank in Qatar’ this year and retained its title as ‘Best investment bank in the Middle East’ for the fifth consecutive year. This is the bank’s seventh win of the title since 2008. HSBC Qatar CEO Abdul Hakeem Mostafawi said, “The award for ‘The best investment bank in Qatar’ is testament to HSBC’s longstanding relationship with the country. Our presence in Qatar for over 60 years, combined with the banking expertise of our in-country team and extensive global network give us the leading edge to support our customers in their growth ambitions. We are honoured to be awarded for our work.”In addition, HSBC Saudi Arabia, an affiliate of HSBC Group, received its seventh award since 2009 as ‘Best investment bank, Saudi Arabia’. HSBC was also awarded ‘Best bank in Oman’. On the wins, HSBC Bank Middle East deputy chairman and CEO Georges Elhedery said, “We are honoured to win the ‘Euromoney Awards for Excellence’ for three major categories this year. This is a great recognition by our valued customers of our capabilities to offer them innovative and tailored products and services that meet their regional and global requirements.” “It is also a testament to the hard work and dedication of our staff, without whom we would not have achieved these great wins,” ElHedery added.   The Euromoney Awards for Excellence are acknowledged by the industry as the pinnacle of achievement for wholesale and retail banks. These awards are given to those institutions that demonstrate leadership, innovation, and momentum in the markets in which they operate. The judges took into account both the breadth and depth of HSBC’s coverage in the region; not only the bank’s league table positions but also its involvement with many of the market defining transactions of the year.