Still reeling from the effects of last year’s supply chain woes, energy disruptions and geopolitical tensions, financial markets are now also contending with the impact of consecutive interest rate hikes and uncertainty following recent banking turmoil.

While 2023 may not deliver the capital markets rebound we were all hoping for, it is worth pausing to recognise leading financial institutions that have forged through and made waves in these volatile times.

Marked progress and innovation across deals continues to demonstrate regeneration and resilience. After all, the goal posts have not changed: each of Asia's markets is bound by net zero commitments; and digital transformation continues to drive regulatory discourse and development around emerging sectors and virtual assets. As a result, sustainability and digitisation continue to be underlying themes shaping a new paradigm for deal-making in the region.

The FinanceAsia team invited banks, brokers and ratings agencies to showcase their capabilities to support their clients as they navigated these uncertain economic times. Our awards process celebrates those institutions that showed determination to deliver desirable outcomes, through display of commercial and technical acumen.

This year marks the 27th iteration of our FinanceAsia awards and celebrates activity that has taken place within the past year (2022).

To reflect new trends, this year we introduced an award for Biggest ESG Impact (encompassing all three elements of ESG strategy) and updated our D&I award to include equity: Most Progressive DEI Strategy.

Read on for details of the winners and finalists (entrants whose submissions were highly commended by our jury) for Southeast Asia. Full write-ups explaining the rationale behind winner selection will be published in the summer edition of the FinanceAsia magazine, with subsequent syndication online.

Congratulations to all of our winners!

SOUTHEAST ASIA

CLM (CAMBODIA, LAOS, MYANMAR)

Domestic

Best Bank: Cambodian Public Bank

INDONESIA

Domestic

Best Bank: PT Bank Central Asia

Best Broker: PT Mirae Asset Sekuritas Indonesia

Best DCM House, Best ECM House, Best Investment Bank: PT Mandiri Sekuritas

Best ESG Impact, Best Sustainable Bank, Most Innovative Use of Technology: PT Bank Mandiri

Most Progressive DEI: PT Bank Rakyat Indonesia

International

Best Bank, Best Investment Bank: BNP Paribas

Best Sustainable Bank: MUFG Bank

MALAYSIA

Domestic

Best Bank, Best ESG Impact, Best Sustainable Bank: Public Bank Berhad

Best Broker: CGS-CIMB Securities

Best DCM House, Best Investment Bank (finalist), Most Progressive DEI: CIMB

Best DCM House (finalist), Best ECM House, Best Investment Bank, Best Sustainable Bank (finalist): Maybank Investment BankSimla Investment

International

Best Bank: Citi

PHILIPPINES

Domestic

Best Bank: BDO Unibank

Best DCM House: BPI Capital Corporation

Best DCM House (finalist), Best ECM House (finalist): China Bank Capital

Best ECM House, Best Investment Bank: First Metro Investment Corporation

Best ESG Impact, Best Sustainable Bank: Bank of the Philippine Islands

Best Investment Bank (finalist): SB Capital Investment Corporation

International

Best Bank: HSBC

Most Progressive DEI: Citi

SINGAPORE

Domestic

Best Bank, Best ESG Impact, Best Investment Bank, Best Sustainable Bank, Most Innovative Use of Technology: DBS Bank

Best Broker: CGS-CIMB Securities

Best DCM House: United Overseas Bank

International

Best Bank, Best Investment Bank, Most Progressive DEI: Citi

Best Sustainable Bank: MUFG BankSimla Stock

THAILANDAhmedabad Stock

Domestic

Best Broker, Most Innovative Use of Technology: InnovestX Securities

Best DCM House: KasikornbankBangalore Wealth Management

Best ECM House, Best Investment Bank: Kiatnakin Phatra Securities

Best Sustainable Bank: Bangkok Bank

International

Best Bank: HSBCIndore Stock

Best Investment Bank, Most Progressive DEI: Citi

Best Sustainable Bank: MUFG Bank

VIETNAM

Domestic

Best Bank, Most Innovative Use of Technology: Techcombank and Techcombank Securities

Best Broker, Best DCM House, Best ECM House (finalist), Best Investment Bank (finalist): SSI Securities Corporation

Best ECM House, Best Investment Bank: Vietcap Securities Joint Stock Company

Best ESG Impact: Saigon-Hanoi Commercial Bank

International

Best Bank, Best ESG Impact, Best Investment Bank, Most Innovative Use of Technology: HSBC

Best Sustainable Bank: Citi

For other winners:

Click here to see the winners across North Asia.