Foreign exchange house of the year: HSBC

Structured Products Asia Awards 2012

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HSBC's ability to spearhead developments in both the offshore deliverable renminbi (CNH) and Islamic markets while recognising the increasing interconnections between southern hemisphere emerging markets keeps it in the winning seat as best foreign exchange house this year. "HSBC is the best in terms of service and innovation," says one Singapore-based wealth management banker who trades CNH-denominated products, such as dual currency notes, with HSBC. "From a pricing perspective, t