Risk Awards - Winners
2025 Winners
Derivatives Categories
Derivatives house of the year: UBS
Interest rate derivatives house of the year: JP Morgan
Currency derivatives house of the year: UBS
Equity derivatives house of the year: Bank of America
Credit derivatives house of the year: JP Morgan
Inflation derivatives house of the year: Natixis
Structured products house of the year: UBS
Risk solutions house of the year: Santander CIB
Flow market-maker of the year: Natixis
Risk management categories
Bank risk manager of the year: Intesa Sanpaolo
Credit portfolio manager of the year: UniCredit
Sovereign risk manager of the year: Côte d’Ivoire
Investing categories
Investment house of the year: BlackRock
Hedge fund of the year: Citadel
Market structure categories
Exchange of the year: Eurex
Clearing house of the year: LCH
OTC trading platform of the year: BNP Paribas
Service categories
Derivatives client clearer of the year: Societe Generale
Law firm of the year: Linklaters
Technology categories
Technology vendor of the year: Numerix
Individual categories
Rising star in quant finance: Milena Vuletić
Quant of the year: Julien Guyon
Lifetime achievement: Don Wilson
2024 winners
Derivatives house of the year: JP Morgan
Interest rate derivatives house of the year: Barclays
Currency derivatives house of the year: Bank of America
Equity derivatives house of the year: JP Morgan
Credit derivatives house of the year: JP Morgan
Inflation derivatives house of the year: BNP Paribas
Structured products house of the year: Credit Agricole
Flow market-maker of the year: Citadel Securities
Credit portfolio manager of the year: BNP Paribas
Sovereign risk manager of the year: Greece’s Public Debt Management Agency
Investment house of the year: Schroders
Quant investment firm of the year: Graham Capital Management
Hedge fund of the year: GoldenTree
Exchange of the year: Eurex
Clearing house of the year: CME Clearing
OTC trading platform of the year: Tradeweb
Derivatives client clearer of the year: Barclays
Prime broker of the year: HSBC
Law firm of the year: Clifford Chance
Technology vendor of the year: Murex
Rising star in quant finance: Philippe Bergault
Buy-side quants of the year: Nicholas Westray and Kevin Webster
Quant of the year: Artur Sepp
Lifetime achievement: Nicole El Karoui
2023 winners
Derivatives house of the year: BNP Paribas
Interest rate derivatives house of the year: Nomura
Currency derivatives house of the year: BNP Paribas
Equity derivatives house of the year: Citi
Credit derivatives house of the year: Barclays
Inflation derivatives house of the year: Citi
Structured products house of the year: JP Morgan
Risk solutions house of the year: BNP Paribas
Flow market-maker of the year: Deutsche Bank
Bank risk manager of the year: Natixis
Sovereign risk manager of the year: Ukraine’s Ministry of Finance
Quant investment house of the year: Aspect Capital
Hedge fund of the year: Citadel
Exchange of the year: CME Group
Clearing house of the year: LCH
OTC trading platform of the year: Tradeweb
Derivatives client clearer of the year: BNP Paribas
Prime broker of the year: BNP Paribas
Law firm of the year: Allen & Overy
Technology vendor of the year: Adenza, FactSet
Rising star in quantitative finance: Sigurd Emil Romer
Quant of the year: Pierre Henry-Labordere
Lifetime achievement award: Stephen Kealhofer
2022 winners
Lifetime achievement: Mark Carney
Derivatives house of the year: JP Morgan
Interest rate derivatives house of the year: Bank of America
Currency derivatives house of the year: UBS
Equity derivatives house of the year: JP Morgan
Credit derivatives house of the year: BNP Paribas
Inflation derivatives house of the year: BNP Paribas
Structured products house of the year: Citi
Risk solutions house of the year: Santander Corporate & Investment Banking
Flow market-maker of the year: Citadel Securities
Bank risk manager of the year: Deutsche Bank
Credit portfolio manager of the year: Intesa Sanpaolo
SSA risk manager of the year: European Commission
Investment house of the year: Legal & General Investment Management
Quant investment house of the year: Transtrend
Exchange of the year: Intercontinental Exchange
Clearing house of the year: OCC
OTC trading platform of the year: TP Icap
Derivatives client clearer of the year: BNP Paribas
Prime broker of the year: Barclays
Law firm of the year: Allen & Overy
Technology vendor of the year: Bloomberg
Innovation in technology: International Swaps and Derivatives Association
Rising star in quant finance: Silvana Pesenti
Buy-side quants of the year: Matthew Dixon and Igor Halperin
Quant of the year: Hans Buehler
2021 winners
Lifetime achievement: Ken Griffin
Derivatives house of the year: Citi
Interest rate derivatives house of the year: Citi
Equity derivatives house of the year: Citi
Currency derivatives house of the year: BNP Paribas
Credit derivatives house of the year: Credit Suisse
Structured products house of the year: Credit Suisse
Inflation house of the year: NatWest Markets
Risk solutions house of the year: Santander
Flow market-maker of the year: Citadel Securities
Sovereign risk manager of the year: Italy’s Ministry of Economy and Finance
Bank risk manager of the year: Deutsche Bank
Credit portfolio manager of the year: BNP Paribas
Investment house of the year: Amundi
Hedge fund of the year: Saba Capital Management
Quant investment firm of the year: Nordea Asset Management
Exchange of the year: CME Group
Clearing house of the year: Eurex Clearing
OTC infrastructure service of the year: Capitalab
OTC trading platform of the year: Fenics GO
Derivatives client clearer of the year: JP Morgan
Foreign exchange prime broker of the year: HSBC
Hedging adviser of the year: Rothschild
Research house of the year: Societe Generale
Law firm of the year: Linklaters
Innovation in risk management: Credit Suisse
Innovation in execution: Credit Suisse
Technology innovation of the year: Scotiabank
Technology vendor of the year: Murex
Rising stars in quant finance: Iuliia Manziuk and Bastien Baldacci
Buy-side quants of the year: Alex Lipton and Marcos Lopez de Prado
Quants of the year: Jim Gatheral and Mathieu Rosenbaum
2020 winners
Derivatives house of the year: Bank of America
Lifetime achievement: Benoît Coeuré
Quants of the year: Andrei Lyashenko and Fabio Mercurio
Interest rate derivatives house of the year: Goldman Sachs
Currency derivatives house of the year: BNP Paribas
Equity derivatives house of the year: Bank of America
Credit derivatives house of the year: Barclays
Inflation derivatives house of the year: HSBC
Structured products house of the year: Societe Generale
Risk solutions house of the year: NatWest Markets
Research house of the year: UBS
Innovation in execution: Morgan Stanley
Rates flow market-maker of the year: Citadel Securities
Equities flow market-maker of the year: Citadel Securities
Quant investment firm of the year: GAM Systematic Cantab
Currencies flow market-maker of the year: Credit Suisse
Hedge fund of the year: Hildene Capital Management
Investment product of the year: Credit Agricole
Hedging adviser of the year: Chatham Financial
Buy-side risk manager: Vanguard
Sovereign risk manager of the year: Senegal’s Ministry of Finance and Budget
Insurer of the year: Pension Insurance Corporation
Bank risk manager of the year: HSBC
Credit portfolio manager of the year: NatWest Bank
Rising star award: Blanka Horvath, Aitor Muguruza and Mehdi Tomas
Interdealer broker of the year: BGC Partners
Exchange of the year: Eurex
Exchange innovation of the year: CME Group
Clearing house of the year: LCH
Clearing house innovation of the year: Ice
OTC client clearer of the year: Bank of America
FX prime broker of the year: HSBC
OTC trading platform of the year: Tradeweb
OTC infrastructure service of the year: UnaVista
Law firm of the year: Allen & Overy
Technology vendor of the year: Murex
Fintech start-up of the year: Baton Systems
2019 winners
Derivatives house of the year: BNP Paribas
Lifetime achievement award: Craig Broderick
Quant of the year: Alexei Kondratyev
Interest rate derivatives house of the year: BNP Paribas
Equity derivatives house of the year: JP Morgan
Currency derivatives house of year: BNP Paribas
Structured products house of the year: Societe Generale
Credit derivatives house of the year: BNP Paribas
Inflation derivatives house of the year: HSBC
Rates flow market-maker of the year: LBBW
Equities flow market-maker of the year: Citadel Securities
Streaming liquidity provider of the year: XTX Markets
Buy-side risk manager of the year: Citadel
Credit portfolio manager of the year: Natixis
Exchange of the year/exchange innovation of the year: CME Group
Asset manager of the year: Goldman Sachs Asset Management
Quant hedge fund manager of the year: La Française Investment Solutions
Investment product of the year: JP Morgan US Volatility Momentum QES Index Series
Quant research team of the year: Deutsche Bank
Index provider of the year: ERI Scientific Beta
OTC client clearer of the year: JP Morgan
OTC trading platform of the year: Trad-X
OTC trading platform innovation of the year: Tradeweb AiEX
Sovereign risk manager of the year: Greece’s Public Debt Management Agency
Insurer of the year: Rothesay Life
Fintech start-up of the year: TransFICC
Law firm of the year: Linklaters
Risk solutions house of the year: HSBC
Currencies flow market-maker of the year: Citadel Securities
Buy-side quant of the year: Gordon Ritter
Bank risk manager of the year: UBS
Clearing house of the year: CME
Clearing house innovation of the year: Eurex
OTC infrastructure service of the year: Quantile
Technology vendor of the year: FIS
2018 winners
Derivatives house of the year: Morgan Stanley
Lifetime achievement award: Xavier Rolet
Quants of the year: Leif Andersen, Michael Pykhtin and Alexander Sokol
Interest rate derivatives house of the year: Societe Generale
Equity derivatives house of the year: Societe Generale
Currency derivatives house of the year: Deutsche Bank
Credit derivatives house of the year: Goldman Sachs
Structured products house of the year: UBS
Inflation derivatives house of the year: Morgan Stanley
Risk solutions house of the year: Nomura
Deal of the year: HSBC
Rates flow market-maker of the year: Citadel Securities
Currencies flow market-maker of the year: XTX Markets
Equities flow market-maker of the year: Citadel Securities
Streaming liquidity provider of the year: XTX Markets
Bank risk manager of the year: Citi
Credit portfolio manager of the year: Crédit Agricole CIB
Exchange of the year: CME Group
Exchange innovation of the year: Eris Exchange
Buy-side quant of the year: Jean-Philippe Bouchaud
Asset manager of the year, risk management: Legal & General Investment Management
Sovereign risk manager of the year: Debt Management Office of Saudi Arabia
Pension fund of the year: AP3
Insurer of the year: Allianz
Reinsurer of the year: Prudential Financial
Asset manager of the year, systematic investing: BlackRock
Quant hedge fund of the year: Man AHL
Institutional investment product of the year: Deutsche Bank
Retail investment product of the year: Commerzbank/Mattioli Woods
Quant research team of the year: Deutsche Bank
Index provider of the year: Bloomberg
Clearing house of the year: Ice Clear Credit
OTC client clearer of the year: Citi
OTC trading platform of the year: Tradeweb
Trading platform innovation of the year: OpenDoor Trading
OTC infrastructure service of the year: Droit Financial Technologies
Technology vendor of the year: Moody’s Analytics
Fintech start-up of the year: BestX
Law firm of the year: Cadwalader, Wickersham & Taft
2017 winners
Derivatives house of the year: Citi
Lifetime achievement award: Yann Gérardin, BNP Paribas
Quant of the year: Jean-Philippe Bouchaud
Bank risk manager of the year: SG CIB
Interest rate derivatives house of the year: Goldman Sachs
Equity derivatives house of the year: Bank of America Merrill Lynch
Currency derivatives house of the year: HSBC
Credit derivatives house of the year: Citi
Structured products house of the year: Credit Suisse
Inflation derivatives house of the year: HSBC
Risk solutions house of the year: SG CIB
Corporate deal of the year: Air Liquide and Barclays
Bank deal of the year: SG CIB
Insurer deal of the year: Swiss Re and Credit Suisse
SSA deal of the year: Fannie Mae
Non-bank market-maker: rates: Citadel Securities
Non-bank market-maker: currencies: XTX Markets
Non-bank market-maker: equities: Citadel Securities
Streaming liquidity provider of the year: XTX Markets
Clearing house of the year: LCH
Clearing house innovation of the year: Nodal Clear
Exchange of the year: Eurex
Exchange innovation of the year: CME Group
OTC client clearer of the year: Citi
OTC trading platform of the year: trueEx
OTC infrastructure service of the year: AcadiaSoft
Sovereign risk manager of the year: Republic of Slovenia
Credit portfolio manager of the year: BNP Paribas
Law firm of the year: Allen & Overy
Fintech start-up of the year: Beacon
Market risk technology vendor of the year (system): Murex
Market risk technology vendor of the year (specialist): CompatibL
Trading technology product of the year: FIS
In-house system of the year: Citadel
2016 winners
Derivatives house of the year: Citi
Lifetime achievement award: Bennett W Golub
Interest rate derivatives house of the year: Citadel Securities
Equity derivatives house of the year: BNP Paribas
Currency derivatives house of the year: BNP Paribas
Credit house of the year: Citi
Inflation house of the year: Barclays
Structured products house of the year: Societe Generale Corporate & Investment Banking
Risk solutions house of the year: Goldman Sachs
Deal of the year: Republic of Senegal/ SG CIB/ MIGA
OTC client clearer of the year: Citi
Bank risk manager of the year: HSBC
Credit portfolio manager of the year: Lloyds Banking Group
Quant of the year: Alexandre Antonov
Hedge fund of the year: Citadel
Asset manager of the year: Vanguard Asset Management
Corporate risk manager of the year: Ford Motor Company
Sovereign risk manager of the year: SHCP
Law firm of the year: Cadwalader, Wickersham & Taft
Clearing house of the year: LCH.Clearnet
Exchange of the year: CME Group
Sef of the year: trueEx
Single-dealer platform of the year: Citi
Fixed-income trading platform of the year: UBS
Emerging markets dealer of the year: Standard Bank
Market risk technology product of the year (buy side): MSCI
Market risk technology product of the year (sell side): Numerix
Trading technology product of the year (buy side): Algomi
Trading technology product of the year (sell side): Droit Financial Technologies
Operational risk technology product of the year (buy side): CloudMargin
Operational risk technology product of the year (sell side): NICE Actimize
2015 winners
Exchange of the year: Eurex
Credit portfolio manager of the year: Crédit Agricole
Law firm of the year: Linklaters
Deal of the year: Blackstone/Morgan Stanley
Risk solutions house of the year: Societe Generale
Quant of the year: Mats Kjaer
Quant of the year: Christoph Burgard
Single-dealer platform of the year: Deutsche Bank
Pension fund of the year: PKA
Asset manager of the year: Doubleline Capital
Corporate risk manager of the year: Electricity Supply Board of Ireland
Hedge fund of the year: Napier Park Global Capital
Sovereign risk manager of the year: IGCP
Clearing house of the year: LCH.Clearnet
OTC client clearer of the year: Citi
OTC infrastructure service of the year: TriOptima
Sef of the year: MarketAxess
OTC trading platform of the year: UBS Neo
Trading technology product of the year (bank): Morgan Stanley
Trading technology product of the year (vendor): Algomi
Risk management technology product of the year: IBM Risk Analytics
Back-office technology product of the year: KPMG
In-house system of the year: Danske Bank
Interest rate derivatives house of the year: Deutsche Bank
Equity derivatives house of the year: Societe Generale
Structured products house of the year: Bank of America Merrill Lynch
Inflation derivatives house of the year: HSBC
Currency derivatives house of the year: BNP Paribas
Credit derivatives house of the year: Citi
Bank risk manager of the year: Deutsche Bank
Lifetime achievement award: Andrew Feldstein
Derivatives house of the year: Societe Generale
2014 winners
Derivatives house of the year: HSBC
Lifetime achievement: Wilson Ervin, Credit Suisse
Deal of the year: Arqiva/HSBC
Bank risk manager of the year: Deutsche Bank
Interest rate derivatives house of the year: Goldman Sachs
Currency derivatives house of the year: Bank of America Merrill Lynch
Equity derivatives house of the year: Morgan Stanley
Credit derivatives house of the year: Credit Suisse
OTC Client clearing service of the year: Barclays
Structured products house of the year: Société Générale Corporate & Investment Banking
Inflation derivatives house of the year: Barclays
Hedge fund derivatives house of the year: Deutsche Asset and Wealth Management
Credit portfolio manager of the year: HSBC
Emerging markets dealer of the year: Standard Bank
OTC trading platform of the year: Tradeweb
OTC infrastructure service of the year: eClerx
Derivatives exchange of the year: Ice
Clearing house of the year: LCH.Clearnet
Law firm of the year: Davis Polk and Wardwell
Corporate risk manager of the year: Microsoft
Sovereign of the year: Riksgälden
Insurance risk manager of the year: Axa
Hedge fund of the year: Chenavari investment Managers
Pension fund risk manager of the year: PKA
Quant of the year: Michael Pykhtin
Risk management system of the year (bank): Barclays
Risk management system of the year (vendor): Markit IRM
Trading technology product of the year: Nasdaq OMX
Back-office technology product of the year: SmartStream
In-house system of the year: Royal Bank of Scotland