HSBC Thailand has garnered acclaim as Thailand’s Best International Bank, a title awarded by both Euromoney and FinanceAsia. These honors reflect HSBC’s unwavering commitment to Thailand’s economic growth and its pivotal role in bridging Thai corporates with global opportunities.
Giorgio Gamba, CEO of HSBC Thailand, emphasized the bank’s investment and support for the local economy, describing HSBC’s dedication as a long-term strategic endeavor. Since its inception as Thailand’s first bank in 1888, HSBC has rooted itself deeply within the country’s financial ecosystem. This foundation has enabled HSBC to evolve as a principal financial institution serving Thai High-Net-Worth Individuals (HNWI) and multinational corporations, thereby positioning Thailand as a key player in regional and global markets.
Internationally, HSBC’s reputation as Asia’s Best Bank further amplifies its influence. Across ASEAN, HSBC consistently wins recognition in five out of six operating countries, including Thailand. The bank’s Thai branch is noted for its expansive expertise in cross-border banking, facilitating Thai businesses’ global expansion. Data reveals that HSBC Thailand supports over 40 Thai companies in operating within international markets, with two Thai corporations managing operations in over 20 countries.
A recent partnership with Thailand’s Board of Investment (BOI) amplifies HSBC’s influence. This Memorandum of Understanding (MoU) aims to elevate Thailand’s investment appeal across regions like the UK, Mainland China, ASEAN, and Europe. Mr. Gamba asserts that HSBC’s goal is to assist the BOI in showcasing Thailand’s investment potential on the world stage, further cementing Thailand as a manufacturing powerhouse and attractive destination for industries like automotive and electric vehicles.
Moreover, HSBC Thailand’s digital advancements, including HSBC UniTransact, have significantly increased the bank’s cross-border transaction efficiency, aligning with Thailand’s national digital transformation agenda. HSBC has committed $2 billion to enhance digital payments globally, reinforcing its status as a leader in digital banking.
Through these strategic moves, HSBC continues to fortify its influence, ensuring that as Thailand’s industries grow, so does the bank’s foothold in orchestrating the country’s financial future.
