HSBC Korea was named the best domestic cash management bank in South Korea for a fifth consecutive year, according to monthly finance magazine Euromoney.

The global banking group also won the highest prize for global cash management in the categories of corporate and financial institutions for a third year in a row, HSBC officials added.

“The awards reflect the strength of our products, quality of our services and dedication of our team,” said Martin Tricaud, president and CEO of HSBC Korea.

The annual Euromoney Cash Management Awards are decided through a vote by cash managers, treasury experts and financial officials from all over the world. Some 24,000 respondents participated in this year’s survey.

“With its global network and widespread local connections, HSBC has the capability to deliver world-class payment and cash management solutions,” Tricaud said.

HSBC was named the best domestic cash manager in 25 other countries as well, officials said.

(tellme@heraldcorp.com)