Awards for Excellence 2013: Best Transaction banking house
Executive-level support combined with a powerful global network and capital strength is delivering impressive results.
Best Transaction banking house: HSBC
Also shortlisted: Citi and Deutsche Bank
It is symbolic that Samir Assaf, chief executive of HSBC’s global banking and markets division, is to give the keynote address at this year’s Sibos conference, the annual jamboree for the global transaction banking and services industry.
On one level, this highlights the extent to which investment bankers are increasingly embracing a business that was never really one of their own, but one that has become so much more important to the corporate and investment banking proposition.
Every global bank boasting a universal banking model has been investing heavily in transaction banking to capture an ever-greater share of the stable and lucrative revenues this relatively capital-light business can generate.