The British multinational investment bank HSBC’s Qatar division was recognized as the Best Sub-Custodian, Best Domestic Custodian and Best Fund Administrator for Retail Funds at ‘The Asset Triple A Sustainable Investing Awards 2021’.
HSBC was the first bank to establish custody services in Qatar. Since then, the local market has witnessed dynamic growth and crossed a number of milestones including attaining Emerging Market status from MSCI in 2013 and joining the Sustainable Stock Exchanges Initiative of the United Nations in 2016, the latter of which led to the Qatar Stock Exchanging launching its Sustainability and ESG platforms in 2018.
In this year’s ‘Triple-A Sustainable Investing Awards’ the bank won a total of 18 accolades across different markets and territories.
“These awards recognize the market-leading products and services that HSBC offers its clients in Qatar. Our local team of securities services experts has been playing an important role in not only helping investors manage their portfolios but also in bringing sophisticated products and instruments to the local market.”
Mr. Shreen Abeysekera, Director, Head of Securities Services Markets and Securities Services at HSBC Qatar said, “Environmental, social, and governance (ESG) is at the top of the agenda for international investors who are committed to the transformation of the industry. We are honored to be recognized for our efforts to support our clients in their quest for change and offer services that can accelerate their transition to a more sustainable future.”
A globally recognized business news and research organization, The Asset’s Triple A Sustainable Investing Awards honors Institutional Investors, exchange-traded funds and Asset Servicing Providers for the industry’s efforts and expertise.
The recent awards reflect the industry’s transformation in adapting to new technology and deploying automation to drive operational efficiency. The Asset is putting more focus on ESG issues in relation to the investor and asset management award categories.