HSBC Qatar comes out on top at The Asset Triple A Sustainable Investing Awards

July 26, 2021

Doha: HSBC Qatar was named the Best Sub-Custodian, Best Domestic Custodian and Best Fund Administrator for Retail Funds at ‘The Asset Triple A Sustainable Investing Awards 2021’. HSBC won a total of 18 awards across different markets and territories.

“These awards recognise the market leading products and services that HSBC offers its clients in Qatar,” said Abdul Hakeem Mostafawi, CEO of HSBC in Qatar. “Our local team of securities services experts has been playing an important role in not only helping investors manage their portfolios but also in bringing sophisticated products and instruments to the local market.”

HSBC was the first bank to establish custody services in Qatar in 1998. Since then, the local market has seen dynamic growth and crossed a number of milestones including attaining Emerging Market status from MSCI in 2013 and joining the Sustainable Stock Exchanges Initiative of the United Nations in 2016, the latter of which led to the Qatar Stock Exchanging launching its Sustainability and ESG platforms in 2018.

Shreen Abeysekera, Director, Head of Securities Services Markets and Securities Services at HSBC Qatar said: “ESG is at the top of the agenda for international investors who are committed to the transformation of the industry. We are honoured to be recognised for our efforts to support our clients in their quest for change and offer services that can accelerate their transition to a more sustainable future.”

The Asset Triple A Sustainable Investing Awards recognises Institutional Investors, ETF, and Asset Servicing Providers for the industry’s efforts and expertise. The recent refresh reflects the industry’s transformation in adapting to new technology and deploying automation to drive operational efficiency. The Asset is putting more focus on environmental, social, and governance (ESG) issues in relation to the investor and asset management award categories.

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