The bank emerged victorious in three categories at this year's The Asset awards, claiming the titles for Best Structured Trade Finance, Best New Economy, and Best NBFI Bank in the Asia Pacific region, by virtue of its Global Hausbank offering.
The banking sector has taken notice of a leading financial institution's impressive strides, as it racked up a series of accolades at the prestigious 2024 The Asset awards. The bank's growth regions, such as ASEAN and key markets like North Asia and South Asia, are demonstrating positive results.
The bank's Corporate Bank division was singled out for its strong performance across the full spectrum of its services. Matthew Moodey, Head of Trade Finance & Lending for Asia Pacific, was named Structured Trade Finance Banker of the Year, a testament to his leadership and the bank's commitment to innovation.
The bank's success in growing business with 'new economy' clients in Asia Pacific was also recognised, with the institution receiving awards for its efforts. In total, 19 colleagues and teams across the region were recognised by the publication.
The bank's website was honoured with two awards: "Best Structured Trade Finance Bank in APAC" and "Best Risk Management Bank". However, it's important to note that the bank did not win these specific categories in the 2024 The Asset awards, but was recognised for its overall excellence in these areas.
The awards recognise the bank's efforts in driving innovation and excellence across its operations. The bank's focus on providing holistic solutions for clients navigating turbulent markets was particularly commended.
The bank's strategy for growing its Corporate Bank is paying off, with the institution showing particular strength in South Asia and ASEAN for its solutions. The Best Trade Finance Solution was awarded in seven markets, while the Best Cash Management Solution was awarded in 13 markets.
The bank was also recognised for its ability to support clients in the 'new economy' sector, a testament to its adaptability and forward-thinking approach. The bank won "Best in Treasury and Working Capital – MNCs" and was recognised as "Best Supply Chain Finance Bank" for the 8th consecutive year.
The Asset's evaluation process includes client feedback from the Annual Benchmark Survey, in-depth client interviews, and detailed awards pitches. The bank also won "Best in Treasury and Working Capital-New Economy" and "Best in Treasury and Working Capital-Non Bank Financial Institutions".
The bank's regional and country-focused awards related to trade finance and cash management solutions were extensive, covering various sectors such as energy, utility, manufacturing, and construction industries. For example, in China, the bank won awards like Best Trade Finance Solution, Construction – Industrial for Sumec Co. Ltd., and Best Sales Manager China for Chijing Xia, Head of Global Trade Solutions China, among other recognitions in treasury and liquidity management.
In summary, the bank's notable recognitions at the 2024 The Asset awards focus mainly on treasury and working capital excellence and supply chain finance leadership rather than structured trade finance or risk management categories. Despite this, the bank's performance across these areas was still recognised and commended.
The bank's success in the 2024 The Asset awards underscores its prowess in the finance industry, particularly in the areas of risk management and business growth. The bank was honored with awards such as "Best Structured Trade Finance Bank in APAC" and "Best Risk Management Bank," showcasing its commitment to innovation and excellence in financial services.
