JEDDAH – HSBC Private Bank has received two of the private banking industry's most prestigious awards for its Middle East business, the bank said Wednesday in a statement. HSBC picked up the award for Best Provider of Private Banking and Wealth Management Services, Middle East, at the 2012 Global Private Banking Awards, hosted in Singapore last Nov. 8. The recognition comes just weeks after the bank was awarded Outstanding Private Bank in the Middle East at the 2012 Private Banker International Awards. Commenting on the two wins, Sobhi Tabbara, Global Market Head, Middle East, North Africa and Turkey, said: “We are delighted our Middle East Private Banking operation has been recognized by two such prestigious industry awards. Thanks to HSBC's long-standing presence across the region, we combine local knowledge, with the connectivity of one of the largest banks in the world - offering clients portfolio management, succession and trust planning advice that is genuinely unique and personalized.” Sobhi added: “Using our global footprint HSBC helps clients in the Middle East benefit from the east to east axis on which the region sits. This year we've seen several major investments flow across an area stretching from the southern tip of Europe through Turkey to the Gulf. Utilizing our knowledge of these markets and our presence on the ground, we have arranged for clients to partner and invest in sectors as diverse as automotive, construction and energy.” HSBC Private Bank is one of the top international private banks in the Middle East, providing integrated banking, investment and wealth advisory services to clients across the region. At the 2012 Private Banker International Awards, HSBC Private Bank also took home Outstanding Private Bank - Asia Pacific and was commended as an Outstanding Wealth Planning & Trust Provider, and Outstanding Private Bank Latin America. It was also Highly Commended in the Best Private Bank in Hong Kong and Best Private Bank in Asia categories at the 2012 Global Private Banking Awards. — SG
