Energy Risk Manager of the Year, Asia: Morgan Stanley

Morgan Stanley wins this year's Energy Risk Manager of the Year, Asia award due to the continued expansion of its diverse physical operations, and the tight integration of its risk management function with other areas such as corporate finance.

The bank has continued to develop its paper derivatives offering in less liquid markets such as coal, liquefied natural gas (LNG), emissions and freight swaps, allowing its clients to lessen their exposure to basis risk.

But Harry Soh, Morgan Stanley's Asia head of commodities, attributes much of the bank's success to the depth and breadth of its physical abilities. The bank provides both physical and derivative-based risk management services across a broad range of commodities, including crude