Asia Risk magazine has published the winners of its highly sought-after awards for risk management and derivatives expertise in its October issue.
The awards – ranging from prizes for all the main asset classes to those for hedge funds and corporates to local awards by country – have been running for nine years. And this year, competition was as fierce as ever and the judges’ decisions were even tougher, in view of the wildly turbulent markets.
With this in mind, Deutsche Bank took the top prize, for Derivatives House of the Year for Asia excluding Japan, thanks to its ability to offer consistency and innovation – and even expand its franchise – across the board since mid-2007, where others were falling short. The German bank also took the equity award for its work helping clients with funding and restructuring in difficult markets.
Other established derivatives powerhouses were also in evidence, with JP Morgan taking the interest rate award, Barclays Capital the currency prize, BNP Paribas the Japan and credit house awards and UBS the Australia and wealth management awards. And Standard Chartered has made big strides in the past year or so to outdo strong competition and take the commodity/energy award.
Two new categories – the private bank and interdealer broker awards – saw JP Morgan Private Bank and BGC come out on top – the former, among other things, for steering clients clear of high-risk equity accumulator products, and the latter for its growth and ability to provide liquidity amidst the turmoil.
Meanwhile, certain regional banks, such as China’s ICBC and South Korean’s Kookmin Bank, showed strong risk management to outshine their domestic peers – and certain global dealers – to take their respective country awards.
The judges – the Asia Risk editorial team – received numerous pitches for all the awards and spent a great deal of time and effort interviewing the candidates on their submissions, before settling on a short list for each award. At that point, the team spoke to many clients of the entities seeking awards to corroborate that the customers were happy with the service they had been provided.
The Asia Risk awards dinner, celebrating the achievements of the winners, will take place following the first day of the Asia Risk annual conference on November 20 at the Island Shangri-La in Hong Kong.
