Asia Risk Unveils the Winners of its 14th Annual Awards for Risk Management and Derivatives Expertise

HONG KONG, Oct. 22, 2013 /PRNewswire/ -- Asia Risk magazine has published the winners of the Asia Risk Awards 2013 for risk management and derivatives expertise in its October issue.

The awards recognise excellence for derivatives services and risk management across the main credit, currency, energy / commodities, equity and interest rate asset classes, as well as regional and country house awards. Awards are also made to related businesses such as prime brokers, collateral managers and technology vendors.

"The last 12 months have seen an increasing appetite for complex products from North Asia while corporates elsewhere have looked for the best way to navigate through volatility on the FX and rates markets," says Aaron Woolner, editor of Asia Risk. "Firms that did well in this year's awards were either those with cutting edge structuring capabilities or those with a comprehensive coverage of the region and strong balance sheets."

Standard Chartered is this year's Asia ex-Japan winner for its unstinting commitment to developing the region's capital markets - while other firms have dipped in an out of the market since the economic crisis, the London-based bank has continuously expanded its presence.

Market leading derivative expertise and excellent local market connections meant Goldman Sachs retained their house of the year Japan title, and it was also a good year for BNP Paribas which scooped the credit and interest rates titles. While a combination of smart thinking and excellent risk management propelled Credit Suisse to the equity and deal of the year awards.

Two new awards were given this year - collateral manager went to BNY Mellon, while platform went to Barclays' Barx. The Japan Securities Clearing Corporation produced a stunning performance to take the revamped clearing house of the year award - previously this was for derivative exchange of the year.

Among the regional awards, ICBC and Siam Commercial Bank, which won the China and Thailand house awards respectively, stood out for going the extra mile to upgrade their risk management capabilities.

The judges - the Asia Risk editorial team - received numerous pitches for all the awards and spent more than a month interviewing the candidates about their submissions, before settling on a short list for each award. At that point, the team spoke with clients of short-listed candidates along with industry experts to corroborate their satisfaction with the service they had been provided.

The 14^th annual Asia Risk awards dinner, celebrating the achievements of the winners, will take place following the 9^th annual Asia Risk Congress on October 31, 2013 at the Four Seasons Hotel in Hong Kong.