Author: Kathryn Tully

A NEW WORLD


By Kathryn Tully

Global Finance evaluates the Best of the Best Treasury & Cash Management Providers in The Winners’ Circle, an ongoing series launched as part of our 25 th anniversary in 2012.


Ever since Global Finance began giving awards for the best treasury and cash management providers in 2003, the larger global cash management banks have dominated the rankings. Citi has won the Best Overall Bank for Cash Management award every single year. Likewise, BNY Mellon Enterprise Treasury Services has taken the global award for Best White Label System Provider every year since that category was introduced in 2008.

Among the regional awards, Deutsche Bank has won Best Overall Bank for Cash Management 10 times, while J.P. Morgan has won the top North American award six times. In Asia, HSBC has reigned supreme as Best Overall Cash Management Bank for a full decade, and in the Middle East it ceded the top spot for one year only, to National Bank of Kuwait in 2005.

In some regions local knowledge is key to entering the winners’ circle. SEB has consistently won the top award in the Nordic region, Standard Bank dominates in Africa, and RBI comes out top in Central and Eastern Europe.

Nevertheless, the dominance of the global universal banks is unlikely to diminish any time soon. Cash management and treasury services are bread-and-butter businesses to banks that continue to attract sustained investment in areas like risk management and liquidity management, even as banks face considerable funding and margin pressure.

The growing number of Treasury Management and Systems Services awards, which now span 16 categories, shows how much the market has changed over the years. For example, a Best Mobile Solution Provider award has only existed since 2011, and until 2011 hardly any banks offered mobile corporate banking and payment facilities at all. However, 10 of the top 25 largest banks now do, according to a Celent report earlier this year, and more are working on it. To date, Wells Fargo and CfC Stanbic Bank have each won this category once. The banks that excel in this market segment, with its huge growth potential, will likely have a competitive edge in the next few years.

GLOBAL WINNERS
CATEGORY WINNER

Best Overall Bank for Cash Management

Citi

Best White Label System Provider

BNY Mellon Enterprise Treasury Services

REGIONAL WINNERS
NORTH AMERICA WINNER RUNNER UP
Best Overall Bank for Cash Management J.P. Morgan Bank of America Merrill Lynch
Best Bank for Liquidity Management J.P. Morgan Bank of America Merrill Lynch
Best Provider of Money Market Funds J.P. Morgan Asset Management Citi Asset Management
Best Bank for Risk Management J.P. Morgan Bank of America Merrill Lynch
Best Bank for Payments and Collections J.P. Morgan/Wells Fargo Bank of America Merrill Lynch
WESTERN EUROPE WINNER RUNNER UP
Best Overall Bank for Cash Management Deutsche Bank n/a
Best Bank for Liquidity Management Royal Bank of Scotland (including ABN Amro) Deutsche Bank
Best Provider of Money Market Funds Barclays Global Investors Citi Asset Management/DB Advisors
Best Bank for Risk Management Deutsche Bank RBS (Including ABN Amro)/UBS
Best Bank for Payments and Collections Deutsche Bank n/a
NORDIC REGION WINNER RUNNER UP
Best Overall Bank for Cash Management SEB n/a
Best Bank for Liquidity Management SEB n/a
Best Provider of Money Market Funds Nordea n/a
Best Bank for Risk Management SEB n/a
Best Bank for Payments and Collections Danske SEB
CENTRAL & EASTERN EUROPE WINNER RUNNER UP
Best Overall Bank for Cash Management RBI UniCredit
Best Bank for Liquidity Management RBI/RBS (including ABN Amro) UniCredit
Best Provider of Money Market Funds RBI n/a
Best Bank for Risk Management RBI n/a
Best Bank for Payments and Collections UniCredit RBI
LATIN AMERICA WINNER RUNNER UP
Best Overall Bank for Cash Management Citi n/a
Best Bank for Liquidity Management Citi n/a
Best Provider of Money Market Funds Banco Bradesco n/a
Best Bank for Risk Management Citi Banco Bradesco
Best Bank for Payments and Collections Citi n/a
ASIA-PACIFIC WINNER RUNNER UP
Best Overall Bank for Cash Management HSBC n/a
Best Bank for Liquidity Management Citi HSBC/Standard Chartered
Best Provider of Money Market Funds J.P. Morgan Asset Management HSBC
Best Bank for Risk Management Citi HSBC
Best Bank for Payments and Collections HSBC n/a
MIDDLE EAST WINNER RUNNER UP
Best Overall Bank for Cash Management HSBC n/a
Best Bank for Liquidity Management Citi/Standard Chartered n/a
Best Provider of Money Market Funds National Bank of Kuwait (NBK)/Banque Misr n/a
Best Bank for Risk Management Citi HSBC
Best Bank for Payments and Collections HSBC n/a
AFRICA WINNER RUNNER UP
Best Overall Bank for Cash Management Standard Bank n/a
Best Bank for Liquidity Management Standard Chartered n/a
Best Provider of Money Market Funds Banque Misr/Standard Bank n/a
Best Bank for Risk Management Citi n/a
Best Bank for Payments and Collections Standard Bank n/a

alt TREASURY & CASH MANAGEMENT 2012