Still reeling from the effects of last year’s supply chain woes, energy disruptions and geopolitical tensions, financial markets are now also contending with the impact of consecutive interest rate hikes and uncertainty following recent banking turmoil.
While 2023 may not deliver the capital markets rebound we were all hoping for, it is worth pausing to recognise leading financial institutions that have forged through and made waves in these volatile times.
Marked progress and innovation across deals continues to demonstrate regeneration and resilience. After all, the goal posts have not changed: each of Asia's markets is bound by net zero commitments; and digital transformation continues to drive regulatory discourse and development around emerging sectors and virtual assets. As a result, sustainability and digitisation continue to be underlying themes shaping a new paradigm for deal-making in the region.
The FinanceAsia team invited banks, brokers and ratings agencies to showcase their capabilities to support their clients as they navigated these uncertain economic times. Our awards process celebrates those institutions that showed determination to deliver desirable outcomes, through display of commercial and technical acumen.
This year marks the 27th iteration of our FinanceAsia awards and celebrates activity that has taken place within the past year (2022).
To reflect new trends, this year we introduced an award for Biggest ESG Impact (encompassing all three elements of ESG strategy) and updated our D&I award to include equity: Most Progressive DEI Strategy.
Read on for details of the winners and finalists (entrants whose submissions were highly commended by our jury) for Southeast Asia. Full write-ups explaining the rationale behind winner selection will be published in the summer edition of the FinanceAsia magazine, with subsequent syndication online.
Congratulations to all of our winners!
SOUTHEAST ASIA
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CLM (CAMBODIA, LAOS, MYANMAR)
Domestic
Best Bank: Cambodian Public Bank
INDONESIA
Domestic
Best Bank: PT Bank Central Asia
Best Broker: PT Mirae Asset Sekuritas Indonesia
Best DCM House, Best ECM House, Best Investment Bank: PT Mandiri Sekuritas
Best ESG Impact, Best Sustainable Bank, Most Innovative Use of Technology: PT Bank Mandiri
Most Progressive DEI: PT Bank Rakyat Indonesia
International
Best Bank, Best Investment Bank: BNP Paribas
Best Sustainable Bank: MUFG Bank
MALAYSIA
Domestic
Best Bank, Best ESG Impact, Best Sustainable Bank: Public Bank Berhad
Best Broker: CGS-CIMB Securities
Best DCM House, Best Investment Bank (finalist), Most Progressive DEI: CIMB
Best DCM House (finalist), Best ECM House, Best Investment Bank, Best Sustainable Bank (finalist): Maybank Investment Bank
International
Best Bank: Citi
PHILIPPINES
Domestic
Best Bank: BDO Unibank
Best DCM House: BPI Capital Corporation
Best DCM House (finalist), Best ECM House (finalist): China Bank Capital
Best ECM House, Best Investment Bank: First Metro Investment Corporation
Best ESG Impact, Best Sustainable Bank: Bank of the Philippine Islands
Best Investment Bank (finalist): SB Capital Investment Corporation
International
Best Bank: HSBC
Most Progressive DEI: Citi
SINGAPORE
Domestic
Best Bank, Best ESG Impact, Best Investment Bank, Best Sustainable Bank, Most Innovative Use of Technology: DBS Bank
Best Broker: CGS-CIMB Securities
Best DCM House: United Overseas Bank
International
Best Bank, Best Investment Bank, Most Progressive DEI: Citi
Best Sustainable Bank: MUFG Bank
THAILAND
Domestic
Best Broker, Most Innovative Use of Technology: InnovestX Securities
Best DCM House: Kasikornbank
Best ECM House, Best Investment Bank: Kiatnakin Phatra Securities
Best Sustainable Bank: Bangkok Bank
International
Best Bank: HSBC
Best Investment Bank, Most Progressive DEI: Citi
Best Sustainable Bank: MUFG Bank
VIETNAM
Domestic
Best Bank, Most Innovative Use of Technology: Techcombank and Techcombank Securities
Best Broker, Best DCM House, Best ECM House (finalist), Best Investment Bank (finalist): SSI Securities Corporation
Best ECM House, Best Investment Bank: Vietcap Securities Joint Stock Company
Best ESG Impact: Saigon-Hanoi Commercial Bank
International
Best Bank, Best ESG Impact, Best Investment Bank, Most Innovative Use of Technology: HSBC
Best Sustainable Bank: Citi
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For other winners:
Click here to see the winners across North Asia.
Click here to see the winners across South Asia.
