Awards

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.

Caisse Française de Financement Local (Caffil), the covered bond issuer of the SFIL Group, is strongly established as the leading public sector covered bond issuer, with more than €50bn of outstanding bonds, including 22 benchmarks. In particular, it dominates the long-maturity segment, with 60% of its issuance in maturities of 10 year or longer.

Repeating success year-in, year-out is a difficult business. Even Michael Jordan’s trail-blazing Chicago Bulls team had a couple of off years in the middle of their 1990s winning streak. It’s quite some achievement, then, that Barclays has now won the GlobalCapital Best Bank for Structuring and ALM award six times in a row.

GlobalCapital is proud to announce this year's winners of the covered bond awards

Just a few few votes separate the leading contenders in some of the categories in GlobalCapital’s Covered Bond Awards 2020 survey and, with the outcome uncertain, market participants that have not voted yet are encouraged to do so soon.

The GlobalCapital Covered Bond Awards survey is now open and market participants are invited to take a look at the voting shortlists before casting their votes for this year’s best lead managers, issuers and deals.

GlobalCapital is pleased to announce the winners of this year’s Americas Derivatives Awards. This year’s pitching process was one like no other as the Covid-19 crisis swept throughout the world.

As a result of the breadth and depth of its offering across asset classes, products and client types, while building market-leading technology solutions and delivering consistently high service levels, Citi is our Americas Derivative House of the Year, FX Derivatives House of the Year and Derivatives Clearing Bank of the Year.

From a start-up seven years ago to boasting a client list of 130 commercial banks across the US, Derivative Path is our Risk Management Advisory Firm of the Year for the technology-led way in which it has shaken up the delivery of interest rate hedging solutions.