Global Finance magazine (GFmag.com) has announced its World’s Best Banks 2013 Awards. The annual listing includes the best bank worldwide for corporate, consumer and private banking, emerging markets, Islamic finance, asset management, global custody, investment banking, cash management, trade finance, foreign exchange, sub-custody and supply chain finance.
The world’s banks rankings for 2013 include: Corporate Bank, BNP Paribas; Consumer Bank, HSBC; Private Bank, Julius Baer; Emerging Markets, Standard Chartered; Bank Islamic Finance, Al Rajhi Bank; Asset Management, Black Rock; Custody, BNY Mellon; Investment Bank, J.P. Morgan; Cash Management, Citi; Trade Finance,Citi; Foreign Exchange, Deutsche Bank; Sub-Custody, Citi and Supply Chain Finance, Citi.
The winner of Best Bank for Foreign Exchange was announced in the January 2013 issue, Best Bank for Cash Management was announced in the March 2013 issue, Best Investment Bank was announced in the April 2013 issue and the Best Bank for Supply Chain Finance was announced in the July-August 2013 issue.
The World’s Best Banks report will be featured in Global Finance’s October issue and will have extra distribution in Washington, DC at the Annual Meetings of the World Bank and IMF where Global Finance is official media sponsor for the IMF Meetings Seminars. Winners were selected based on performance over the past year and other subjective criteria including reputation and management excellence. Global Finance made the selections after extensive consultations with bankers, corporate financial executives and analysts throughout the world. “We recognize these banks for their outstanding accomplishments,” Global Finance’spublisher, Joseph D. Giarraputo, said.
“In trying times, the winning banks were all noteworthy in their dedication to satisfying their customers’ needs.” The World’s Best Banks and other Global Finance 2013 award winners will be honored at Awards Ceremonies in Dubai on September 18 during the SIBOS conference and in Washington, DC on October 12 during the IMF/World Bank Annual Meetings.