Structured Products Asia Awards

Structured Products Asia Awards 2017: The Winners

The last 12 months have seen global markets tossed about by political shocks. That has strained the ability of issuers to deliver effective risk management for their clients and within Asia Pacific the dealer community has struggled. Several banks have pulled out of major businesses. Such an environment makes the success of the award winners this year all the sweeter.

For the second year BNP Paribas has been named the overall house award for Asia. The bank has proven itself across a range of asset classes, supporting clients locally in 14 markets and helping them to get international access. In its journey to become an investment solutions provider, through growth and acquisition, it has proven capable and committed.

The bank also took the title of Foreign exchange derivatives house of the year, having helped corporates to handle China’s currency fluctuations with a euro/renminbi target knock-out forward to support deleveraging and a liability hedge for corporates which had issued US dollar bonds.

Societe Generale has worked hard to build an integrated business and platform in Asia Pacific and its success is apparent on several fronts. Winning the Equity derivatives house of the year reflects the structured products factory status it has in that asset class – along with strong sales and content for clients.

The bank’s rates business has doubled in size on several measures, underpinned by notes assuming US rates would not fall, and a highly automated client management process, earning the bank Interest rate derivatives house of the year.

Societe Generale has also weathered a tough commodity market – from which many dealers have either stepped back or are taking hits – and pressed forward, with innovative offerings in Thailand and Singapore, and new approaches to handling the products from cocoa to oil, giving it the title of Commodity derivatives house of the year.

Credit Suisse has taken Deal of the year and Singapore house of the year on the back of a ground-breaking $510 million private equity bond transaction, in itself reopening the country’s securitisation market, which took considerable preparation with all parties from rating agencies to investors. Working with Azalea Asset Management, a subsidiary of Singapore state investment company Temasek Holdings, the firm has shown the importance of relationships and hard work.

Singapore Exchange (SGX) has set the benchmark high for Exchange of the Year, winning the category with the launch of daily leverage certificates (DLCs), giving three to five times leverage on the indices of MSCI Singapore, Hang Seng and Hang Seng China Enterprises.

In the local markets UBS showed its mettle, taking house of the year for Hong Kong, where the firm’s warrants business is second to none; China, which has seen the firm carefully work across client demands and regulatory demands; and Australia, in which its deep relationships with superannuation funds gave it a client base that it was able to support across bespoke and flow instruments. Commerzbank’s dedication to the market-making in the region’s exchange-traded fund (ETF) markets paid off, with its smart approach to pricing international ETFs – thereby maintaining access around the clock - giving it ETF house of the year.

External judging panels convened by Risk.net selected the winners of the 15 categories. The sell-side category winners were decided by a panel consisting of private banks, distributors and wealth managers. The specialist categories were selected by a panel of senior sell-side bankers, and, where relevant, the buy-side panel.

Thank you to all who took part this year, and congratulations to all our winners.

Congratulations to all of the 2017 winners, please see the full list below:

  • Asia structured products house of the year
    BNP Paribas
    To read the full article click here

  • Equity derivatives house of the year
    Societe Generale
    To read the full article click here

  • Interest rate derivatives house of the year
    Societe Generale
    To read the full article click here

  • Foreign exchange derivatives house of the year
    BNP Paribas
    To read the full article click here

  • Commodity derivatives house of the year
    Societe Generale
    To read the full article click here

  • Exchange traded funds house of the year
    Commerzbank
    To read the full article click here

  • Deal of the year; Singapore house of the year
    Credit Suisse
    To read the full article click here

  • Australia house of the year
    UBS
    To read the full article click here

  • China house of the year
    UBS
    To read the full article click here
  • Hong Kong house of the year
    UBS
    To read the full article click here

  • Japan house of the year
    Societe Generale
    To read the full article click here

  • Index provider of the year
    S&P Dow Jones Indices
    To read the full article click here

  • Exchange of the year
    Singapore Exchange
    To read the full article click here

  • Technology provider of the year
    Privé Managers
    To read the full article click here