This is the first year in which Structured Products has compiled awards specifically for Asia, and it comes as no surprise that we were suitably impressed by the tales of excellence and innovation we heard there. After all, the region is home to several vibrant markets for derivatives-based investments. Certainly, while those in the Americas are still playing 'catch up' with Europe, the same can't be said of structured products professionals in Asia.
Our innovation of the year award was open to every company active in the structured products market - be they distributors, index providers or technology companies. In this category, we looked for something that has really made the market sit up and take note. As such, it's the most competitive category.
Our structurer award for Asia excluding Japan, meanwhile, was open to the banks that manufacture derivatives-based investment products, and incorporates all major asset classes, ranging from equity to credit to foreign exchange. The award for distributor of the year, Asia excluding Japan, was open to companies that sell these products to investors, whether at the retail or high-net-worth level.
For the Japanese market, we decided to include an award (house of the year, Japan) that was open to both distributors and structurers in that country. Other awards recognise excellence in various core functions, namely law, index provision and technology solutions.
Winners were chosen from a large field in every category, after careful consideration by the Structured Products editorial team. Over the past year, we have noted achievements across Asia and asked market participants for their opinions on who is the best in the business. We took these comments on board, conducted our own research and devised a shortlist for each category. We then conducted interviews with the respective companies, spoke to their clients, and decided upon the winner in-house. Decisions were not made lightly and we carefully examined the strengths and weaknesses of every institution we spoke to.
It's important to note that we don't simply bestow awards on companies that happen to be the 'biggest'. Instead, we look for evidence of innovation in the form of novel product offerings, excellence in financial engineering, and so on. We also place weight on client feedback - particularly when we are considering manufacturers of derivatives-based investments.
There can be only one winner in each category, and we will not divulge the names of any shortlisted candidates. However, we appreciate the time that every shortlisted institution took to present their case to us.
On behalf of the Structured Products editorial team, I would like to congratulate all the winners, and encourage those who missed out to look forward to next year's awards.Click here for the full awards contents
The week on Risk.net, December 9–15 2017Receive this by email