In a market first, HSBC Egypt launches Evolve for businesses

Todd Wilcox, HSBC Egypt CEO and Deputy Chairman

HSBC Egypt has launched HSBC Evolve, giving corporate clients access to a fully integrated and customisable FX trading execution journey, from pre-trade through to post-trade.

In a first for the Egyptian market, HSBC Evolve is an award-winning intelligent and interactive single dealer platform which gives businesses access to a breadth of HSBC’s products and services, 24 hours a day, 5 days a week.

“At HSBC, we understand the role digital innovation plays in transforming business. The launch of HSBC Evolve underlines our commitment to provide our customers with a seamless and secure digital platform to help them make the most of market opportunities and optimise their cross-border operations” said Todd Wilcox, HSBC Egypt CEO and Deputy Chairman. 

HSBC Evolve gives corporate clients better control and value throughout the execution lifecycle and a complete overview of all the trades executed with HSBC at a glance. It also gives them the ability to perform a wide range of trading activities all in one place.

Yasser Yehia, Country Head, Global Markets HSBC Bank Egypt, added: “HSBC Evolve is a smart execution and exposure management platform that takes FX trading to the next level offering a customisable FX platform that adapts to fast-changing markets and technology. It makes execution more intuitive, flexible and efficient while offering a seamless experience to execute transactions in a reliable, easy-to navigate environment.”

HSBC Evolve is designed to help corporate treasurers save time and costs, reduce operational overheads and risk, and to have increased control over FX activities.

HSBC in Egypt:

HSBC Bank Egypt S.A.E. was established in 1982 as Hong Kong Egyptian Bank S.A.E. and adopted its present name in April 2001 following an increase in shareholding by the HSBC Group from 40% to 94.5%.

HSBC Bank Egypt S.A.E. is one of the largest multinational banks operating in Egypt, providing a comprehensive range of banking and related financial services through a network of more than 62 branches and outlets in prominent cities in Egypt.