Kuala Lumpur, 3 September 2009
Hong Leong Bank (HLB) has been named the Best Domestic Provider of FX Services in Malaysia in the Asiamoney FX Poll 2009.
The Asiamoney FX Poll 2009 is the largest ever annual FX Poll which culls responses from a wide variety of financial institutions. This year's Pollreceived a total of 1,756 valid responses from senior treasury and financial executives across the Asia-Pacific region, a record number of participation.
Group Managing Director, Ms Yvonne Chia said, "it is a great honour for our Bank to receive this international recognition. We have a strong and committedFX team headed by Mr Kua Wei Jin , Chief Operating Officer of Wholesale Banking. Our Wholesale Bank, which incorporates both HL Markets (Treasury) andCorporate & Commercial business, offers a unique value proposition with a comprehensive strategic risk management and operation efficiency includingsettlement. Our Treasury Department works closely with the financial institutions both here and abroad and we have the capacity to handle a substantialvolume of trades from global financial institutions while maintaining strict client confidentiality. This trading capability is complemented and enhancedby our Bank's strong position in trade financing and the resulting FX flows. We thank our FI/Institutional clients for their support and trust."
Ms Chia added that "Hong Leong Bank continues to focus on growing our Institutional, Corporate & Commercial portfolio by entrenching itself within thebusiness communities and working closely to grow the business."
Press Release - 03/09/2009