Awards

For its work in helping clients across Europe navigate a raft of regulations — from Brexit to Ibor transition and initial margin reporting — Clifford Chance is GlobalCapital’s European Law Firm of the Year for regulatory work.

With its data, technology and expertise across asset classes, IHS Markit has developed its offering to adapt to new regulations and help clients fulfil their reporting and compliance obligations.

Playing to its strengths as a top trading house across both flow market making and structured products, Nomura stands out for its consistency, global offering and appetite for risk taking.

In January, Singapore Exchange (SGX) found itself centre stage when the Covid-19 pandemic began to flare up in China. With some Asian markets closed for Chinese New Year, investors dashed to it. “SGX was the only market open for China-proxy risk management and we saw impact across our derivatives shelf,” said Michael Syn, senior managing director at SGX.

Credit Suisse has harnessed its strength in structured products to deliver innovative solutions for its private banking and institutional clients in a collaborative fashion.

This year almost 400 people responded to the covered bond awards survey, including more than 50 issuers and 200 investors, who said they had bought well over €100bn covered bonds in the past year, with collective covered bond assets under management in excess of €800bn.

Deutsche Bank, €500m 0.05% November 2024 CPT structure

What does it take to excel as a covered bond syndicate manager in a period of market disruption?

Germany is the ancestral home of covered bonds, so it’s no surprise that to win an award for distribution, a dealer must be strong in the German market. But covered bonds are also Germany’s greatest export success story in the capital markets, so strength at home isn’t enough — a dealer must also have a deep reach into the large community of institutional asset managers across Europe and Asia as well as into official institutions across the globe that are investing in the asset class.

The evolution of the global covered bond market in recent years has played to HSBC’s strengths and does a lot to vindicate the bank’s approach to the product.

It’s human nature; when times are tough you revert to the tried and trusted when you need something doing. And covered bond houses don’t come more tried and trusted than LBBW.