HSBC Saudi Arabia Wins The Best Custodian In The Kingdom Award For 2020
Securities Services is an important business segment for us
HSBC Saudi Arabia won the “Best Custodian in the Kingdom” for 2020 in the Saudi Capital Market Awards.
This is the inaugural year of the Saudi Capital Market Awards instituted by Tadawul to recognize distinguished market participants and their exceptional efforts, which was conducted in a virtual ceremony held on 21st March 2021.
Rajiv Shukla, CEO of HSBC Saudi Arabia, thanked Tadawul for the recognition while accepting the award, and said: "We are humbled by this recognition and the confidence shown by the market authorities as well as our clients, in our custody capabilities and support to market development. Securities Services is an important business segment for us. We are delighted to have been associated with a number of firsts in the Saudi market, and are committed to continue exceeding market standards and helping market development in Saudi Arabia.”
Georges Elhedery, HSBC Group’s Co-CEO of Global Banking & Markets, added: “The HSBC Group has a custody network in 94 markets, of which Saudi Arabia is strategically important. We endeavor to enable our international clients access the Saudi market through the HSBC Saudi Arabia team, and also enable Saudi clients to access overseas markets through our extensive global network of markets”
