NEW YORK, November 16, 2016 — Global Finance magazine has named its seventeenth annual World's Best FX Providers in 93 countries and seven global regions, as well as the best banks for corporate currency hedging, the best online FX platforms and the best providers of FX research in an exclusive survey to be published in the January 2017 issue.

Criteria for choosing the FX Providers winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considered input from industry analysts, corporate executives and technology specialists.

For the first time, Global Finance has also named its Corporate FX Awards honorees, covering Foreign Exchange management in four global and seven regional categories.

Criteria for the Corporate FX Awards included clearly defined risk management policies, handling of crisis situations, measurement of FX exposure, and cost of hedging. The main objective of FX risk management is to minimize losses, and not to seek profit from currency movements.

"The global turmoil of recent years shows no signs of abating, with dramatic incidents such as the UK's Brexit vote or the US election of Donald Trump having major impact on currencies. The winners of these awards have been successful in navigating these minefields." said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

The complete list of Global Finance's World's Best FX Providers and the Best Corporate FX Awards 2017 can be found on the following pages.

For editorial information please contact Andrea Fiano, afiano@gfmag.com


 

GLOBAL AWARDS

Best Global Foreign Exchange Bank

UBS

 

Best Provider of e-FX Solutions

360T

 

Best Liquidity Provider

Thomson Reuters

 

REGIONAL AWARDS

 

North America

Citi

 

Western Europe

UBS

 

Central & Eastern Europe

Societe Generale

 

Latin America

Citi

 

Asia-Pacific

DBS Bank

 

Africa

Standard Bank

 

Middle East

National Bank of Kuwait

 

 

 

FX RESEARCH & ANALYSIS

FX Research

BNY Mellon

Fundamental Analysis

Brown Brothers Harriman

Technical Analysis

BNY Mellon

Forecasts

Mizuho Americas

 

CORPORATE CURRENCY HEDGING

Best Bank For Corporate Currency Hedging

Citi

Best Bank For Cash Flow Hedging

HSBC

Best Bank For Balance Sheet Hedging

Societe Generale

Best Bank For FX Options

Societe Generale

Best Bank For FX Forwards

Bank of America Merrill Lynch

 

COUNTRY AWARDS I

Algeria

Societe Generale

Egypt

Commercial International Bank

 

Angola

Banco Millennium Atlântico

El Salvador

Citi

 

Argentina

Banco Macro

Estonia

SEB Pank

 

Armenia

Ameriabank

Finland

Nordea

 

Australia

ANZ

France

Societe Generale

 

Austria

Bank Austria

Gambia

Ecobank

 

Bahrain

Ahli United Bank

Georgia

Bank of Georgia

 

Belarus

Belarusbank

Germany

Commerzbank

 

Belgium

KBC Bank

Ghana

GCB Bank

 

Bermuda

Butterfield Bank

Greece

Piraeus Bank

 

Bolivia

Banco BISA

Guatemala

Banco Industrial

 

Botswana

First National Botswana

Hong Kong

HSBC

 

Brazil

Itaú Unibanco

Hungary

OTP Bank

 

Bulgaria

DSK Bank

India

ICICI Bank

 

Canada

RBC Capital Markets

Indonesia

Bank Mandiri

 

Chile

Banco de Chile

Ireland

Allied Irish Banks

 

China

Bank of China

Israel

Bank Leumi

 

Colombia

Banco de Bogotá

Italy

UniCredit

 

Costa Rica

Scotiabank

Jamaica

Scotiabank

 

Cote d'Ivoire

Ecobank

Japan

Mitsubishi UFJ Financial

 

Cyprus

Bank of Cyprus

Jordan

Arab Bank

 

Czech Republic

CSOB

Kazakhstan

Eurasian Bank

 

Denmark

Saxo Bank

Kenya

CfC Stanbic Bank

 

Ecuador

Banco de Guayaquil

Kuwait

National Bank of Kuwait

 

 

 

COUNTRY AWARDS II

 

Latvia:

SEB

Sierra Leone

Zenith Bank

Lebanon:

BLOM Bank

Singapore

OCBC Bank

Lithuania:

SEB

Slovakia

VUB banka

Macedonia:

Komercijalna Banka AD Skopje

Slovenia

NLB Group

Malaysia:

Maybank

South Africa

FirstRand Bank

Mexico:

Citibanamex

South Korea

KEB Hana Bank

Moldova:

Victoriabank

Spain

BBVA

Mongolia

XacBank

Sweden

SEB

Morocco

Banque Populaire du Maroc

Switzerland

Credit Suisse

Netherlands:

ING

Taiwan

CTBC Bank

New Zealand:

ANZ

Thailand

Krung Thai Bank

Nigeria:

Stanbic IBTC Bank

Togo

Atlantic Bank

Norway:

Nordea

Turkey

Akbank

Oman:

BankMuscat

UAE

National Bank of Abu Dhabi

Pakistan:

HBL Pakistan

Ukraine

PrivatBank

Paraguay:

Banco Itaú Paraguay

United Kingdom

HSBC

Peru:

Scotiabank

United States

Citi

Philippines:

BDO Unibank

United States

BNY Mellon (Honorable Mention)

Poland:

mBank

Uruguay

Citi

Portugal:

Millennium bcp

Venezuela

Banco Mercantil

Qatar:

Qatar National Bank

Vietnam

BIDV

Romania:

BRD-Groupe Societe Generale

Zambia

Stanbic Zambia

Russia:

Sberbank CIB

Saudi Arabia:

Samba Financial Group

 

 

GLOBAL AWARDS - COPRORATE FX

 

Best Corporation in the World for FX Management

Apple

 

Best Corporation for Use of Currency Hedging

General Electric

 

Best Corporation for Use of FX Options

Dow Chemical

 

Best Corporation for Use of FX Forwards

Airbus

 

 

REGIONAL AWARDS - BEST CORPORATIONS FOR FX MANAGEMENT

North America

DuPont

 

Latin America

Cencosud

 

Western Europe

Air Liquide

 

Central & Eastern Europe

PKN Orlen

 

Middle East

Etihad Airways

 

Africa

Naspers

 

Asia-Pacific

Country Garden

 

 


About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

For editorial information please contact:
Andrea Fiano | afiano@gfmag.com

To obtain rights to use Global Finance’s World’s Best Banks 2016 logo, please contact:
Chris Giarraputo | chris@gfmag.com

The unauthorized use of Global Finance Award logos is strictly prohibited.

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