Beginning in 2011, the Awards for Distinction are awarded to the private banks through a qualitative and quantitative point-based system by Asian Private Banker’s expert judging panel. The private banks who exhibit adaptability in a constantly changing industry, proficiency in the craft of private banking, and attentiveness to client needs are most qualified as potential winners.
The awards are based on one-on-one interviews with the structured products and investment advisory heads across Asia’s private banks.
Categories are primarily separated by asset classes, but also include categories such as “Best Multi-solutions Provider”. Candidate votes are tallied, and winners of the Asset Management Awards for Excellence are determined based on investment performance (1-year & 3-year period), business performance (Asia HNW asset flows, revenue generation), service (research support, sales support, training support) and branding (general branding and marketing, industry presence).
Vendors in the financial technology space are awarded for its foresight and ability to create innovation and efficiency at private banks. The categories are separated by operational duties but also include “Most Promising Fintech Startup”, “Best Solutions/Integration Adviser”, “Most Innovative Solutions Provider” and “Best New Product/Platform” to award vendors that cover the entire technology wealth management spectrum.