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Cash Management Survey 2013: HSBC maintains top spot in Euromoney’s 13th annual Cash Management Survey
18% year-on-year rise in responses pushes total response rate to all-time high
HSBC has once again been voted the number
one international cash manager (ICM) globally by non-financial
companies and financial institutions in
Euromoney’s benchmark industry survey.
HSBC fought off competition from second and third placed Citi
and Deutsche Bank to maintain its leading global position,
which was further supported by the UK bank being voted the
number one ICM in North America,
Middle East and
Australasia, and in a total of
22 countries, by non-financial companies.
Citi was ranked second globally by non-financial companies
third by financial institutions. The US bank was also voted
number one ICM in Central and Eastern Europe,
Latin America and
Africa, and in a total of
22 countries, including
Zambia by non-financial companies.
Deutsche Bank was ranked third globally as an ICM by
non-financial companies and
second by financial institutions. The German bank continues
to be ranked the
number one ICM for non-financial companies and
financial institutions in western Europe.
Non-financial companies voted
BNP Paribas fourth and
Bank of America Merrill Lynch (BAML) fifth globally.
Financial institutions voted
BAML fourth and
Standard Chartered fifth this year.
In the UK specifically,
Barclays has risen to be the number one ICM as voted by
non-financial companies, surpassing
Royal Bank of Scotland and HSBC, which this year were
ranked second and third, respectively.
Euromoney’s Cash Management Survey receives
responses from the leading cash managers, treasurers and
financial officers worldwide, and is considered the benchmark
survey for the global cash management industry. This year the
survey recorded an 18% year-on-year rise in valid responses,
pushing total responses to a new record high of 24,442.
The survey is split into a non-financial companies
questionnaire and a financial institutions questionnaire.
Respondents are asked to:
Indicate which three banks they
use most for their cash management services;
Rate their lead cash manager on a
sliding scale of one (equals very poor) to seven (equals
excellent) across various service categories.
For more information, contact:
Head of research, Euromoney magazine
More on the Cash management survey