Derivative Deal Signed by HSBC and ESML
Monday, December 6, 2010
HSBC is one of the largest banking and financial services organisations in the world with an international network of around 8,000 offices in 87 countries and territories in Europe, Asia Pacific region, Americas, Middle East and Africa. In this regard, HSBC is well placed to offer highly innovative financial services to its customers, both locally and internationally.
HSBC Pakistan and Ellcott Spinning Mills Limited (ESML), a subsidiary of Nagina Group recently completed a Derivative Deal in Lahore. Commenting on the transaction, Umar S Khan, Head of Commercial and Global Banking at HSBC Pakistan said, "We are excited at this development. In addition to using HSBC's global strength to better serve its customers, it paves the way to offer more solutions to our customers."
The Head of Global Markets at HSBC Pakistan, Kamran A Khan said, "This is a very promising endeavour for HSBC Pakistan and ESML and will go a long way in deepening the strong corporate relationship that we enjoy." With a strong footprint in trade and supply chain services and a truly integrated international network, there are many such initiatives to come. HSBC is committed to investing in the local economy and maintains a consistent presence in Pakistan.
Labels: Banks, Derivatives, SBP
posted @ 1:31 PM,
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