President and CEO Graham FitzGerald, HSBC Philippines, said: “The Best Global Bank award is a testament to HSBC’s consistent ability to understand our institutional and corporate clients’ financial services requirements, and deliver high quality, well-structured and tailored solutions. This recognition reflects the investment in our international strategy and connectivity with the key global trade corridors.”
“We are very proud of these prestigious recognitions given by The Asset. They demonstrate that our hard work in the corporate space is well received by clients. We see many opportunities as the economy continues to grow in the Philippines and we remain committed to actively participating in this exciting and promising narrative,” FitzGerald added.
In 2018, HSBC Philippines continued to deploy technology and infrastructure to support the evolving needs of corporate, financial and institutional clients.
“To win this for the first time shows HSBC is going from strength to strength in this country.
The HSBC Group has committed to invest in key ASEAN economies, within which the Philippines represents the most strategic of opportunities. Our digital solutions are best-in-class and have been key to strengthening our relationship with our customers here. Last but not least, our frontline bankers and support teams are trained to empathize with our customers and to deliver the best and most personal standard of service,” said Michael Brennan, HSBC head of Wholesale Banking for Philippines.
HSBC Philippines was also recognised for the Best New Bond in the Philippines for the Bank of the Philippine Islands (BPI) $600 million bonds, where HSBC was a joint lead manager and bookrunner.
This was the largest-ever debut issuance for a Philippine bank, enabling it to diversify liquidity sources, lengthen the maturity profile and manage the growth of its balance sheet.
HSBC also bagged the Best Liability Management in the Philippines recognition for Petron Corp.’s $500 million perpetual capital securities. The award demonstrates HSBC’s debt capital markets team’s continued leadership in liability management — an exercise that allows issuers with outstanding high coupon bonds to buy them back or exchange them for lower rates than today’s market value.