Investment Awards 2019

Private Banking, Wealth Management, Investment and ETF Awards

Date

17 Sep 2019

Channel

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Structured Products House of the Year, Asia

Societe Generale
Societe Generale successfully diversified its offering by structuring products which offer better potential returns than the equity market and feature protection in order to safeguard the initial investment in the wake of market uncertainty.

Structured Products House of the Year

By Country/Territory

Indonesia

CIMB Niaga
CIMB Niaga strives to be versatile in serving both individuals and institutional clients. CIMB Niaga has more than a decade of experience in providing a variety of structured investments and building continuous relationships with retail clients.                                

Malaysia

CIMB Group
CIMB has continued to lead in terms of market share and product innovation, introducing new structures and continuing to be competitive in its flow product offering. CIMB also continued to be the dominant issuer in Malaysia’s structured product space with continuous take-up of its flow structures referencing FX, equity and commodity.

Taiwan

Cathay United Bank
Cathay United Bank has been continuously extending its product lines to all kinds of asset classes to provide products for its clients. The bank doubled its profits in 2018.

Thailand

Winner

Phatra Securities
Even though the overall structured note market contracted compared to the last award period, Phatra was able to maintain its issued value, and even gained market share by combining the strength of its equity and derivatives trading teams in Thailand.

Highly Commended

CIMB Thai
Bank Plc
CIMB Thai’s structured & banking products unit has demonstrated its capability and commitment in setting up the structured products business by achieving new milestones in the bank’s sell-side origination of structured products.

Derivatives House of the Year

Asia

Winner

Societe Generale
Over the last decade, Societe Generale has pursued the objective of being a leading derivatives house, adapting and evolving to ensure a leadership position through the three fundamental building blocks of growth, innovation and digital transformation.

Highly Commended

Credit Suisse
Credit Suisse continues to build up its platform to support its private banking clients in the region. Over the past year, Credit Suisse has deepened its footprint in the content and platform solutions space, supported by infrastructure.

Derivatives House of the Year, By Country/Territory

Malaysia

CIMB Group
CIMB has maintained its treasury and markets customer flows and continued to expand its product range despite the challenging environment. The group continued to emphasize the key markets of FX, interest rates, credit and equities.

Taiwan

CTBC bank
Committed to providing the best-in-class derivatives products, CTBC keeps striving for product innovation and in-house warehousing capability development across various asset classes to satisfy its clients’ increasing variety of needs in their home country as well as overseas countries.

Thailand

CIMB Thai Bank Plc
CIMB Thai is committed to maintaining its market leadership, developing and proliferating more derivatives and structured investment ideas for its customers. With a wider range of products and geographical exposure, CIMB Thai is looking to better serve the needs and increasing sophistication of Thai investors.

Best Flow Derivatives House, By Country/Territory

TAIWAN

Winner

CTBC bank
To enhance the execution of flow derivative products through service improvement and product innovation is CTBC’s key strategy. CTBC’s service quality and product innovation enabled it to maintain the top spot in Taiwan’s competitive flow derivatives market.

Highly Commended

Bank Sinopac
Bank Sinopac has significantly strengthened its leadership in the flow derivatives business, with an increasing client base and revenue from spot, forward, and CCS, which indicate that the overall commercial flow business is growing.

Best Equity Derivatives House

ASIA

Societe Generale
Societe Generale has continued to extend and complete its equity offering over the past 12 months. While Societe Generale remains a leader in structured products, flow and listed products, great strides have also been made in Delta 1 and Prime Services.

Best Equity Derivatives House, By Country/Territory 

TAIWAN

Winner

  
Yuanta Securities
Yuanta’s market share continued to remain stable, maintaining top position throughout the evaluation period. The growth demonstrated Yuanta’s capability to maintain market making quality and allow investors to operate conveniently with an effective trading mechanism and fair pricing.

Highly Commended

SinoPac Securities Corporation
As a major player in the equity derivatives market in Taiwan, SinoPac Securities continued to develop its warrant, structured products and equity-linked notes business. During the awards period, SinoPac ranked first in terms of the issuing ratio on the TPEx, which was higher than the market average at 23%.

Thailand

CIMB Thai Bank Plc
 
CIMB Thai has expanded its offering into equity products given the low-yield environment, as well as to build a stronger investment solution for its customers. To enhance its capability further, CIMB is working on the offering of ELN on foreign stock.

Best FX Derivatives House

TAIWAN

CTBC Bank
 
CTBC Bank retained top spot in the Taiwan FX derivatives market in 2018, due to its continuous product/service innovation and self-warehousing capabilities. CTBC keeps exploring overseas opportunities to seek benefits for its corporate clients’ global expansion and for building a trading platform in overseas markets.

Best Rates Derivatives House

ASIA

Societe Generale
Societe Generale focused its retail and institutional product offering on solutions that earned profits from the significant flattening of the US dollar rate curve. It started with products that benefited from the steepening of the US dollar curve and after the regular flattening of the curve, evolved to a non-inversion view.

Best Rates Derivatives House, By Country/Territory 

TAIWAN

CTBC Bank
CTBC Bank retained its leading position in delivering rates derivatives solutions to corporate clients as well as financial institutional clients. CTBC not only provides a broad range of rates derivatives products, but also delivers tailor-made solutions to clients.

THAILAND

CIMB Thai Bank Plc
CIMB Thai has continued to be a leading issuer of interest-rate linked structured products. In 2018, CIMB Thai designed its products and solutions around the changing dynamics of both domestic and US dollar interest rates.

Best Structured Credit House

ASIA

Winner

Societe Generale
With a wide offering in financing and investment solutions, Société Générale (SG)continues to explore new business areas in 2019 amid market volatility. SG introduced a few innovative solutions in Asia to cater to the changing market dynamics.

Highly Commended

Credit Suisse
Combined with Credit Suisse’s strong investment banking origination and private bank/markets distribution capability, the structured credit team has been able to deliver unique products and solutions for its clients in the region.

Best Structured Credit House, By Country/Territory 

Malaysia

CIMB Group
As one of the few regional banks in Asia that has a full-fledged structured credit desk, CIMB is able to manage and warehouse exotic structured credit exposures that enable it to develop product solutions that cater to its clients’ evolving requirements on a timely basis.

Thailand

CIMB Thai Bank Plc
Despite a slower pace of liberalization in the Thailand market, CIMB Thai still contributed significant revenue and profit from client activity in the period under review to the CIMB group.

Best Commodities Derivatives House, By Country/Territory

TAIWAN

CTBC Bank
As a leading commodity derivatives provider in both the OTC and exchange market in Taiwan, CTBC continues to introduce new products and innovative structures to cater to various needs of clients. 

Best Derivatives Broker, By Country/Territory

TAIWAN

Yuanta Futures
As the leading futures company in Taiwan, Yuanta Futures continues to enhance a variety of business operations, which include boosting the profitability of the shareholders’ equity, implementing thorough risk management, and operating market making and brokerage.

Best Index Provider

Winner

S&P Dow
Jones indices
S&P Dow Jones Indices continues to expand its presence and offerings to set the stage for the region’s current and future development. During the awards period, S&P launched 180 new Asia-Pacific and emerging markets indices from April 2018 to March 2019.

Highly Commended

FTSE Russell
During the awards period, FTSE Russell made improvements to both the equities and fixed income space, acknowledging its clients’ needs and market trends while paying close attention to changes in regulation and market reform.

Best Index Provider for Equity

MSCI
MSCI included 222 China A Large Cap shares in the MSCI Emerging Markets Index in a two-step inclusion process that took place in May and August 2018, following a global consultation on the 5% partial inclusion of China A shares in the MSCI Emerging Markets Index. The MSCI proposal received broad support from international institutional investors.

Best Index Provider for Fixed Income

IHS Markit
 

IHS Markit has significantly expanded its business over the last 12 months in APAC through the iBoxx Asian bond indices family. Its fixed income business continued to expand at a fast pace, with markets like China and India opening up their markets to foreign investors at a rapid rate.

Best Index Provider for ESG

MSCI
 

In 2018, MSCI expanded its global ESG index suite to offer over 1,000 ESG equity and fixed income indexes including a new series of standard ESG Screened indexes designed to maintain broad coverage.

Best Index Provider for Innovation

STOXX
 

STOXX has been at the forefront of market developments and has continuously expanded its portfolio of innovative indices. During the awards period, STOXX launched some innovative indices through working with local partners in Asia.

Best Structured Investment Products Awards

CREDIT

By Country/Territory

Japan

Societe Generale
BTP Repack Notes Linked Fund

Societe Generale reacted promptly to market trends and successfully partnered with a Japanese asset manager to distribute a very simple solution to their clients, minimizing the capital at risk and offering attractive returns.

Malaysia

CIMB Bank Berhad
Credit Linked Hybrid Structure Product

The issuance of this MYR denominated credit linked structured product which references a third-party sukuk created an attractive investment alternative that aims to provide a stable income stream with higher yielding returns.

Taiwan

Standard Chartered
TRCLN referencing Panda Bond

Standard Chartered offered a Total Return Credit Linked Note which referenced a RMB bond issued by a European corporate in the China Panda Bond market to its client who was looking for yield enhancement in US dollars.

Thailand

CIMB Thai Bank Plc
Credit Bond Forward

With the lack of interest in funded products, CIMB Thai created a new OTC product Credit Bond Forward that allows investors to lock in the yield of the credit bond for settlement in the future.

Equity

ASIA

Credit Suisse
Bearish Lookback

The Bearish Lookback is a market timing product created in response to the number of investors last year who were generally medium-term bearish but didn’t want to buy a short-exposure product as they feared a short-term market rise in the following one month.

By Country/Territory

MALAYSIA

CIMB Bank Berhad
SharkFin FRNID

•          Moderately Bullish SharkFin FRNID

•          Moderately Bearish SharkFin FRNID

•          Range Bound SharkFin FRNID

SharkFin Floating Rate Negotiable Instrument of Deposit offers investors the opportunity to monetize their investment view on various underlying assets while ensuring that their principal invested in this structure is 100% intact if held to maturity.

Taiwan

Cathay United Bank
Sharkfin linked to equity

The Sharkfin structured investment product suits clients with a slightly bearish view on US major stock indexes and makes it possible to turn a moderate depreciation in the underlying stock into bonus interest. It enables clients to participate with a built-in leverage in the downside move.

Thailand

CIMB Thai Bank Plc
“SMILE” Simple Monthly Income Lifestyle Exposure Equity-linked Investment

SMILE is targeted at investors who want to earn a monthly coupon and potentially buy the worst performing share in the basket at strike price if the closing price of the worst performing share on the final valuation date is below its strike price.

FX

By Country/Territory

Taiwan

Cathay United Bank
USDCNH no-touch

Cathay United Bank provided a 100% principal protection product with a high possibility of reaching a higher coupon. The clients of this no-touch product receive a high profit at maturity if the underlying price never breaches the barrier during the calculation period.

MULTI-ASSET

By Country/Territory

CHINA

China Minsheng Bank
Broad-Win MACRO (Multi Asset Cycle Rotation Overseas) product

The Broad-Win MACRO (Multi Asset Cycle Rotation Overseas) product introduced options and other derivatives on top of general fixed-income assets, in order to moderately obtain a higher yield for China Minsheng Bank’s clients.

RATES

ASIA

Societe Generale
Reverse convertible on interest rates

Societe Generale successfully leveraged its strong cross-asset franchise to benefit from this situation and offer various interest-rate linked solutions in order to benefit from the significant flattening of the US dollar rate curve and diversify their product portfolio.

By Country/Territory

TAIWAN

Cathay United Bank
USD CMS 10Y-2Y

Cathay United Bank provided customers with bonds in their portfolio a new instrument to balance their investments. Customers who invest in the product can earn a higher return if the 10-year CMS rate minus the 2-year CMS rate remains positive.

THAILAND

CIMB Thai Bank Plc
Step Up Coupon Leveraged Callable Inverse Floater Debenture

Holding the view that the Thai baht policy rate will remain low for a longer period of time with the possibility of temporary hikes, CIMB Thai managed to capture this market opportunity for its investors. Leveraged Callable Inverse Floater Debenture was structured and launched in a Step Up coupon fashion to allow for possible rate increase.

Editors’ Triple Star

 

Societe Generale
Korean won hedged indices

Societe Generale was the first bank to launch these types of indices for the Korean market covering Chinese, US and European stocks, and was the only bank holding licence agreements with the major calculation agents.

China Securities Index
CSI Central-SOEs’ Structural Reform Index

In line with China’s state policy, China Securities Index launched CSI Central-SOEs’ Structural Reform Index in 2018. Three asset managers have launched ETFs and feeder funds benchmarked to this index, which raised over 54 billion yuan (US$7.54 billion) in total.

IHS Markit
iBoxx ChinaBond Government & Policy Banks Bond Indices

The new iBoxx ChinaBond indices, launched in October 2018, are the first international, independent fixed income benchmarks using ChinaBond Pricing Center pricing data, the gold standard in Chinese domestic bond valuations.

FTSE Russell
FTSE Chinese (Onshore CNY) Green Bond Index Series

The FTSE Chinese (Onshore CNY) Green Bond Index Series is designed to measure the performance of this quickly growing opportunity set. Indexes relevant to both domestic and international investors are available.

Disclaimer: The winners of The Asset Triple A Awards are welcome to translate the awards’ names in their native language.

We are happy to provide Chinese translation upon request, and we reserve the right to have the final say for any Chinese translation of the awards’ names. For clarity, please refer to our website in English.

 

Date

17 Sep 2019

Channel

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