HSBC has been named the “World’s Best Investment Bank” in Euromoney magazine’s Awards for Excellence 2016. The bank also won the “World’s Best Bank for Corporates” awards, along with six regional prizes.

The Euromoney awards, now in their 25th year, provide a benchmark for levels of service and financial performance across the banking industry.

Mark Watkinson, HSBC Bank Bermuda Ltd’s chief executive officer, said: “Receiving global recognition such as the current Euromoney awards further exemplifies the strength of our global network in the 71 markets in which we operate.

“These particular awards represent the efforts of employees in all markets where HSBC has a presence and are a welcome addition to more locally focused recognition, such as that received by our Global Markets team from Global Finance magazine, as Best Foreign Exchange Provider for 2016.

“These awards are good for our clients, our employees, HSBC and the local jurisdiction, in terms of enhancing Bermuda’s reputation on the world stage.”

Samir Assaf, chief executive, Global Banking and Markets, HSBC, said: “It is a great honour to be recognised by Euromoney for the work we have done. What we do is simple: we support our clients, connecting them to opportunities using our global network, strong balance sheet and integrated produce capability.”

Clive Horwood, editor of Euromoney magazine, said: “HSBC is a global debt house to be reckoned with in all markets. It has a market-leading business in asset finance, notably real estate, and a growing presence in strategic equity solutions.”