HSBC surpasses Citi to clinch top spot in Euromoney’s 12th annual cash management survey
|Which ICMs used most globally|
|Best regional cash manager|
|Best domestic cash manager|
|Customers rate lead global ICM's services|
Which ICMs used most
|Europe North America|
|Asia Latin America|
|Middle East Africa|
|No sign of the cash cow drying up|
|Cash management: Payment risk|
It is the first time since 2006 that HSBC has been voted the number-one global ICM by non-financial companies in the survey, breaking the dominance of Citi, which for the past five years has been ranked number one in this category. Behind Citi, Deutsche Bank is this year ranked third, Bank of America Merrill Lynch (BAML) fourth and BNP Paribas fifth.
HSBC has also been voted the number-one global ICM by financial institutions for the second consecutive year, while Deutsche moves up one place to second, pushing Citi down to third, according to the survey.