Awards for Distinction 2012

2012 Gala Dinner

The second annual Asian Private Banker Awards for Distinction was a great success as more than 130 acclaimed leaders of the private banking industry convened at the Four Seasons Hotel, Hong Kong to celebrate the hard-earned achievements of 2012. Setting a tone for the evening, this year’s Private Banker of the Year, Rajesh Malkani, shared his thoughts and insights on the past, present, and future of the industry.

Media Gallery

Photo Gallery

2012 Categories & Winners

For a list of criteria, please refer to the Submission Guidelines.

Congratulations to the winners of the Asian Private Banker Awards for Distinction 2012.

2012 Editor’s Note

Often referred to as the Chinese curse, “may you live in interesting times” proved to be a most fitting axiom for 2012 – a year characterised by rampant economic uncertainty in Europe and political ambiguity in the United States. Needless to say, the global financial services industry felt the impact of both, with private banks in particular grappling with one additional dynamic – the concerted and unprecedented effort by regulators globally to introduce increasingly stringent fiscal and punitive measures for the world’s wealthy and their bankers. Consequently, the private banking industry has had to contend with reduced investor appetite on the one hand, and rising costs on the other.Despite this upheaval, Asia continues to be viewed as a land of opportunity for the industry. Since emerging markets continue to maintain their growth trajectory and as the region’s high net worth population comes of age, Asia shoulders the burden of consuming most private banks’ revenue growth projections. Not only is the region a priority market for any private bank worth its salt, it is a hotly-contested battlefield where the world’s biggest banks wage a fierce battle for brand recognition, client loyalty, assets under management, and, crucially, profitability.

The intensity of this battle has led to precariously high staffing costs and, at some private banks, a myopic focus on revenue generation rather than client interests. For others, it has been a time of intense soul-searching. The best private bankers and their banks have responded to these transformational and uncertain times with resilience, maturity, innovation, and restraint, in doing so demonstrating an unwavering commitment to their clients. It is these individuals and banks that the Asian Private Banker Awards for Distinction celebrate.

These preeminent industry players have demonstrated the importance of temperance and of prioritising clients’ best interests over generating alpha when managing discretionary portfolios; they have been guided by a moral compass rather than the minimum regulatory requirement when framing human resource and diversity policies; and their standard operating procedures set the benchmark for industry best practices. Whilst not immune to rising cost/income ratios, these leaders and their banks are responding to industry challenges by sitting out the bidding war for talent while drawing up more sustainable growth plans, continuing to invest in new markets, and breaking out of the broker-dealer model which has served to constrain wealth management in the region.

Indeed, each and every winner of these Awards for Distinction epitomises the best of our industry, demonstrating integrity, loyalty, flexibility and determination.

Shruti Advani, Editor
Asian Private Banker
January 2013

2012 Submission Guidelines


The Asian Private Banker Awards for Distinction is the industry standard for excellence in private banking in the region. The awards are open to all private banks and institutions with private banking facilities across Asia Pacific. Asian Private Banker understands and respects each institution’s need for confidentiality and, as such, all submissions for the Awards are treated with the utmost privacy. The decision of the Judging Panel is based on explicitly defined criteria outlined within.



Submissions Open | September 26, 2012
Submissions Close | November 9, 2012
Winner Announcements | January 7, 2013
Awards for Distinction Gala Dinner | February 2013


All submissions for the Awards for Distinction should be addressed to:
APB Awards for Distinction
1205 Dominion Centre
43-59 Queen’s Road East
Wan Chai, Hong Kong

Electronic submissions should be addressed to To reach us by telephone, please dial +852 2529 0777.