Awards for Distinction 2013

2013 Gala Dinner

Asian Private Banker kickstarted the year with a successful third annual Awards for Distinction Gala Dinner. It was an evening of celebration and champagne as private bankers and industry leaders from far and wide flocked to the Ritz Carlton, Hong Kong on the 19th of February to share felicitations.

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2013 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 2013.

2013 Editor’s Note

“Who dares, wins” is an axiom private banks took to heart in 2013, rising magnificently to the challenge posed by treacherous markets, fickle clients and unyielding regulators. Private banks in Asia were at the forefront of this charge, deftly sidestepping the crisis of confidence in emerging markets as well as ambiguity in the broader markets.Despite all odds, Asia continued to dominate the global private banking landscape, with Hong Kong and Singapore vying not just with each other but with the financial capitals of the world to be the pre-eminent wealth management destination for the world’s wealthy. As a result, not only is the region a priority market for any private bank worth its salt, it is a battlefield where the world’s biggest banks wage a fierce fight 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, they have demonstrated an unwavering commitment to their clients. It is these individuals and banks that the Asian Private Banker Awards for Distinction celebrate.

These pre-eminent industry players have unfettered themselves from cyclical pressures by expanding both inorganically and into new geographies; they have demonstrated the importance of temperance by prioritising clients’ best interests over generating revenues; they have been guided by a moral compass rather than the minimum regulatory requirement when framing human resources and diversity policies; and their standard operating procedures set the benchmark for industry best practices.

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

Shruti Advani, Editor
Asian Private Banker
January 2014

2013 Submission Guidelines

Introduction

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.


 

Schedule

Submissions Open | September 10, 2013
Submissions Close | November 29, 2013
Winner Announcements | January 6, 2014
Awards for Distinction Gala Dinner | February 2014

Contact

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 editor@asianprivatebanker.com. To reach us by telephone, please dial +852 2529 0777.