HSBC named Asia Risk’s Derivatives House of the Year, Asia ex-Japan, for first time

Tuesday, 11 November 2014 01:25 - - {{hitsCtrl.values.hits}}

HSBC has been named Derivatives House of the Year, Asia ex-Japan in the Asia Risk Awards 2014 for the first time since the awards were launched. The bank has also been named RMB House of the Year for the third consecutive year, House of the Year in Hong Kong for the second year running, and Interest Rate Derivatives House of the Year. These accolades recognise HSBC’s ability to provide clients in Asia-Pacific with leading risk management and investment solutions.

Asia Risk’s highly respected awards were presented at a ceremony held in Hong Kong on Thursday, 30 October. Representatives from HSBC’s Markets business attended the event. “For its success in the early stages of the China rates market – potentially the biggest derivatives market in Asia – while taking market share across the whole range of asset classes, HSBC is Asia ex-Japan House of the Year,” said Asia Risk in its coverage of the overall marquee award, which highlighted how the Bank’s combination of rates expertise and its long-standing presence in mainland China had been instrumental in securing the award. Commenting on the Derivatives House of the Year award, Monish Tahilramani, Co-Head of Markets, Asia-Pacific, said: “This award is a great honour for HSBC and a reflection of our commitment to providing our clients with integrated and tailored derivatives solutions addressing their needs.” The bank’s strength in Renminbi services was highlighted in Asia Risk’s decision to name HSBC as RMB House of the Year again. Asia Risk pointed to HSBC’s “lead role in developing use of the Chinese currency with a series of big ticket deals” and its ability to ‘capitalise on the RMB internationalisation trend by helping corporate clients to optimise their treasury management’ in its commentary. In its coverage of HSBC’s success in winning the award for House of the Year in Hong Kong, Asia Risk said: “Driven by the continuous development of renminbi derivatives business, as well as a number of other business lines including corporate finance and prime brokerage, HSBC is able to maintain its market-leading position in Hong Kong as a comprehensive financial products and services provider in 2014.” Justin Chan, Co-Head of Markets, Asia-Pacific, said: “We’re very proud to be recognised once again by Asia Risk as the leading RMB and Hong Kong house. Hong Kong is a home market for HSBC and RMB is a strategic priority for the Group – and both are very competitive markets – so these awards clearly mean a great deal to us. We will continue to focus on bringing our clients the very best solutions, making use of our deep knowledge of Hong Kong and mainland China, our strong balance sheet and our product expertise across asset classes.” HSBC’s ability to ‘capitalise on regulatory change, the ability to risk-mange sizable trades and to put local balance sheet to work across the region’ were also critical factors in securing Asia Risk’s Interest Rate Derivatives House of the Year award. The Asia Risk Awards have been running for 15 years and seek to recognise best practice in risk management and derivatives across the Asia-Pacific region, covering over 30 categories. Asia Risk’s editorial staff interviewed HSBC executives and clients before making their awards decisions.