Awards

The US bank stood out in almost all rankings of our latest survey of Asia's providers of top FX services. Its rise forced HSBC, which was last year's most impressive bank according to financial institutions, into third place in that category. Meanwhile it remained the best service provider for corporates.

The region’s fixed income markets are growing on the back of rising investor demand, increasing debt volumes, and the desire to be protected from – or take advantage of – market volatility. ASIAMONEY’s first Fixed Income Poll reveals which banks in particular stand tall in this growing market.

US bank Citi continues to impress the most regional companies for its cash management services, while BNY Mellon emerges as the best firm according to medium and large financial institutions.

The extended results for China, Taiwan and Hong Kong in Asiamoney's inaugural Fixed Income poll featuring Citi, HSBC, ANZ, BNP Paribas and others.

The overall regional and domestic results for Asiamoney's inaugural fixed income poll featuring Citi, HSBC, Deutsche Bank, Standard Chartered and BNP Paribas and others.

The extended results for India, Indonesia, Korea, Malaysia, Singapore Thailand and the Philippines in Asiamoney's inaugural Fixed Income poll.

The US bank stood out from the competition when it comes to credit, interest rates and commodities, according to voters in our inaugural Fixed Income Poll. HSBC, Deutsche Bank, and BNP Paribas were also well-regarded.

Mark Yallop, Group COO of ICAP, has worked in the swaps and derivatives industry for nearly 30 years. He is referred to by his peers as an expert in business management with an ability to identify growth opportunities. His role in elevating ICAP into one of the leading interdealer brokers focused on electronic trading and post trade services and, prior to that, successfully setting up Deutsche Bank’s global trading and sales business, make Yallop a standout individual in the industry and a worthy recipient of the Outstanding Contribution Award. It is from his time at Deutsche Bank, particularly between 1995 and 2000, that Yallop identifies his greatest achievement, as he was part of the team that built Deutsche’s trading and sales capabilities. “The thing that I feel proudest about is taking something that was a concept, and which most observers thought was a pipedream—namely building a leading trading and sales franchise from scratch—and helping to make it a reality: a firm that didn’t even register on the global investment banking map in the early nineties to being a top three firm by market share, revenues and reputation just five years later,” he said.

CQS CQS, the USD11 billion hedge fund manager founded in 1999 by Goldman Sachs’ former head of equity trading Michael Hintze, has been impressing dealers with its expertise in convertible bonds and asset backed securities as well as the consistency in its positive performance. Officials in the credit derivatives market have also heaped praise on CQS’ credit long/short fund, launched in 2009, noting that the fund had been at the forefront of the market in credit default swaps and bonds since inception.

Allen & Overy Allen & Overy continued to burnish its reputation as a leading regulatory and industry derivatives advisor over the last year, particularly with its work with the International Swaps and Derivatives Association’s working groups and determinations committees as the industry gears towards standardizing contracts. Investors cited the firm’s ability to provide advice for both vanilla and exotic derivative structures globally. Examples cited included its work in advising on new structured UCITS compliant funds and fund umbrellas, as well as advising a host of central counterparties on their applications as derivative clearing organizations. Partners cited include David Benton and Ed Murray in London, and David Lucking and Deborah North in New York.