Best Private Bank Credit & Financing
HSBC Global Private Banking
Best Private Bank – Credit & Financing
Jyrki Rauhio
regional head of credit advisory, Asia Pacific
“Receiving this accolade for five years running is a strong testimony of our expertise and dedication in providing best-in-class credit and financing solutions for every need, underpinned by our balance sheet strength.
“Amid the uncertain environment in 2024, we continued to enhance our market-leading platform and generate greater value for our clients. This year, we have expanded our capabilities to mainland China and India, further enriched our comprehensive suite of credit and financing solutions, including financial sponsor co-investment loan programmes as well as collar financings, and solidified our position as a one-stop digital solution for credit needs with robust process improvements, while remaining focused on risk management.
“Thank you to our clients for putting their confidence in us. We look forward to further enhancing the client experience with our innovative offerings in 2025.”
What was behind the judges’ decision?
- In 2024, HSBC Global Private Banking fundamentally rethought how it approaches lending to ultra/high net worth clients by taking an asset allocation lens on credit and financing. This represents a paradigm shift that better incorporates risk management into all credit decisions, allowing the bank to better advise clients on the overall impact of leverage on their portfolio, and more optimally balance risk and return.
- After incorporating straight-through processing (STP) into Lombard lending applications in 2021, last year HSBC Global Private Banking did likewise for insurance. For straightforward applications, the bank reduced the time between application and drawdown for insurance solutions by approximately 75% to only five business days.
- During the submission process for the Awards for Distinction, HSBC Global Private Banking provided several client case studies of how the bank’s lending platform is able to service the complex requirements of the region’s most sophisticated clients. Among such examples was a rare case of a share privatisation for a prominent regional family, worth more than US$100 million.
What we said…
“For an unprecedented fifth year in a row, HSBC Global Private Banking has captured Asian Private Banker’s highly-coveted Best Private Banking – Credit and Financing prize at our Awards for Distinction. This is a reflection of the bank’s dedication and expertise in continuously improving what is already a very comprehensive lending platform with more sophisticated solutions that ultimately result in better client outcomes,” said Daniel Shane, editor of Asian Private Banker and head of the Judging Panel for the Awards for Distinction.
“While the overall lending backdrop remained challenging in 2024 amid persistently high interest rates, HSBC Global Private Banking was successful in growing its lending portfolio thanks to a broad suite of credit solutions that run the gamut of more straightforward Lombard lending to complex structured financing deals intended to optimally unlock liquidity for the most sophisticated and wealthy clients in Asia Pacific. All of this has been achieved with one eye firmly on risk monitoring and placing client interests and risk appetite front and centre.
“Once again, Asian Private Banker is proud to say HSBC Global Private Banking is the deserving winner of our Best Private Bank – Credit and Financing accolade at the Awards for Distinction 2024.”
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