Deutsche Bank AG

05/25/2023 | Press release | Distributed by Public on 05/25/2023 04:19

Deutsche Bank recognised for excellence in trade finance and lending and cash management in Asia Pacific

Deutsche Bank was recognised for excellence in corporate banking solutions at The Asset Triple A Treasurise (Treasury, Trade, Supply Chain, Risk, ESG) awards this week. The bank won a total of 68 awards including three marquee awards in Asia Pacific: Best Risk Management Bank, Best Structured Trade Finance Bank, and Best in Treasury & Working Capital for New Economy clients.

The bank was also named Best Transaction Bank in India and China, and Best in Treasury & Cash Management Bank in South Asia.

Award highlights

  • Includes 46 client solutions awards, reflecting the bank's innovative and client centered mindset, deep understanding of client needs and local regulations, and continued investment in technology.
  • Breadth and complexity of Deutsche Bank's trade services recognized - from standard documentary credit and vital working capital and supply chain solutions on the one end, to project finance, strategic lending, structured export finance, and natural resource finance on the other.
  • Win for risk management reflects the bank's ability to deliver a comprehensive suite of solutions to meet the objectives and address the challenges that corporates and treasurers face in challenging macro conditions, including rising interest rates.
  • Best in for treasury and working capital for new economy clients underlines the market leading strength of our cash management platform and ability to expertly service a strategically important client segment.
  • The Asset recognised Deutsche Bank's strength in individual markets too, with wins in cash management in India and South Korea, and trade finance in Australia, Singapore and China.

Ole Matthiesen, Head of Corporate Bank for APAC and Global Head of Cash Management said: "This outstanding performance reflects our outstanding team. These awards underscore the strength of our platform, the effectiveness of our strategy, and the power of our Global Hausbank. We will continue to work closely with our clients to deliver innovative, best-in class solutions that help unlock potential for their business in Asia Pacific and beyond."

The Asset's rigorous evaluation process includes client feedback from the publication's Annual Treasury Review Survey, in-depth client interviews, and detailed awards pitches.

Full list of awards

Regional awards (Asia Pacific)

  • Best Structured Trade Finance Bank
  • Best Risk Management Bank
  • Best in Treasury & Working Capital - New Economy
  • Best in Treasury & Cash Management (South Asia)

Client leadership awards

  • Treasury Team of the Year, China - Automobile (Sasa Wang, Treasury Director, NIO)
  • Treasury Team of the Year, China - Manufacturing (Rui Jian Cheng, General Manager, Department of Funds Management, SANY Group)
  • Nexgen Treasurer of the year (Evelyn Ong, Group Treasurer, Sea Ltd.)

India

  • Best in Treasury and Working Capital - MNCs/LLCs
  • Best Service Provider - Transaction Bank & Cash Management
  • Best Payments and Collections Solution (Fullerton India Credit Company Limited and Karl Storz Endoscopy India Pvt Ltd)
  • Best New Economy Solution - Payments and Collections (MakeMyTrip (MMT), Rario, Tata 1MG and TataNeu)
  • Best Structured Trade Finance Solution (Adama India)
  • Best Trade Finance Solution (Infiniti Retail Limited and TATA SIA Airlines)
  • Best ESG Solution - Trade Finance (JSW Energy Limited, Ostrbhesada Wind Private Limited and Renew Surya Roshini Private Limited)

Australia

  • Best Service Provider - Structured Trade Finance
  • Best Structured Trade Finance Solution (DITH Australia Pty)

China

  • Best in Treasury and Working Capital - MNCs
  • Best Service Provider - Transaction Bank
  • Best Service Provider - Structured Trade Finance
  • Best Service Provider - E-Solutions Provider
  • Best Liquidity and Investments Solution (Aptar China, BASF China and SANY)
  • Best Payments and Collections Solution (Boehringer Ingelheim China and Siemens Healthineers China)
  • Best Digital Solution - Liquidity and Investments (Power China International Group)
  • Best Renminbi Internationalization Solution (Straumann China Group )
  • Best Structured Trade Finance Solution (AVIC International Leasing, China Harbour Engineering and CRCC Financial Leasing)

Hong Kong

Best Payments and Collections Solution

Indonesia

  • Best in Treasury and Working Capital - New Economy
  • Best Payments and Collections Solution
  • Best New Economy Solution - Payments and Collections
  • Best Trade Finance Solution

Japan

Best Structured Trade Finance Solution

Malaysia

  • Best in Treasury and Working Capital - MNCs/LLCs
  • Best Payments and Collections Solution (DB Schenker)

Philippines

  • Best in Treasury and Working Capital - MNCs
  • Best Hedging and Risk Solution: FX (Mercedes-Benz Group Services Philippines Inc)

Singapore

  • Best Service Provider - Structured Trade Finance
  • Best New Economy Solution - Payments and Collections (Hako Technology and Liquid Group)
  • Best Supply Chain Solution (Sanofi Manufacturing)
  • Best Structured Trade Finance Solution (JSW Steel Global Trade and Royalline Trading Pte Ltd)

South Korea

  • Best in Treasury and Working Capital - MNCs
  • Best Service Provider - Cash Management
  • Best Service Provider - Liquidity Management
  • Best Liquidity and Investments Solution (Atlas Copco Korea Co.,Ltd)
  • Best Digital Solution - Liquidity and Investments (Amgen)
  • Best Supply Chain Solution (HL Klemove Corporation)
  • Best Structured Trade Finance Solution (Trafigura Group Pte. Ltd.)

Sri Lanka

  • Best Payments and Collections Solution (Lanka IOC PLC)

Taiwan

  • Best New Economy Solution - Hedging and Risk: FX (Payoneer)
  • Best Hedging and Risk Solution: FX (Siemens Gamesa Renewable Energy Offshore Wind Limited)

Thailand

  • Best Payments and Collections Solution (Mondi Group)
  • Best Structured Trade Finance Solution (PTT Global Chemical PCL)