The discontinuation of the London Interbank Offered Rate caused major changes in the international financial markets forcing participants and supervisory authorities to jointly consider alternative resolutions.
BDO Unibank Inc. has the highest user penetration rate among banks in the Philippines and ranked third most selected main retail bank in Asia Pacific, with a survey rating of 38%. The bank continued to strengthen its retail businesses and expand digital solutions, as well as consumer lending and deposits.
HSBC Taiwan posted a 6% growth in customer base and a 13% increase in wealth revenue in 2021, on the back of its solid digital infrastructure and personalised investment solutions for high-net-worth (HNW) customers.
Nestor V. Tan, president and CEO, BDO Unibank led the bank to become an industry leader and strengthened the bank through key initiatives covering wealth management, financial inclusion and digital investments, that ensured its steady growth.
Chartsiri Sophonpanich, president of Bangkok Bank, was recognised as Best Bank CEO in Thailand 2022 for positioning the bank as a top corporate lender in ASEAN and leading the acquisition of Indonesia’s Bank Permata, the largest intra-ASEAN bank acquisition on record.
Supaneewan Chutrakul, executive vice president of KASIKORNBANK, increased the bank’s retail profit, and bolstered the bank’s market position through her customer-centric approach that met and went beyond the needs of the bank’s customers.
Tan Kong Khoon was awarded Best CEO while Hong Leong Financial Group (HLFG) was recognised as Best Managed Bank in Malaysia for steering the bank’s digital transformation and for preparing the group for the transition to a green and sustainable future.
Raymond Sia, CEO and board director of Canadia Bank was recognised as Best Bank CEO 2022 for strengthening the bank’s position as the top SME and consumer bank in Cambodia and places its team to be a dominant player in the Cambodian financial industry.
Recently retired Maybank Group CEO Abdul Farid Alias was recognised for his lasting contribution to its reorganisation and consolidation as the largest banking group in Malaysia, and one of the biggest in Southeast Asia. He has also left an indelible mark on the advancement of the Malaysian banking and financial services industry.
Wee Ee Cheong, deputy chairman and CEO of UOB was recognised as Best Bank CEO in Singapore 2022 for fortifying the bank’s position as the leading consumer and SME bank in Southeast Asia and led the merger and acquisition of Citi’s retail business in key ASEAN markets, its largest in a decade.
Despite China’s contribution to international trade, which has risen from 4% in 2000 to 12% in 2021, the share of RMB transactions in the global settlement remains less than 2.70% as of December 2021. With enhanced currency swap agreement taking effect on 4 January 2023, a more robust RMB offshore bond market will give the currency another boosts towards internationalisation.
More family offices have a sustainability or ESG mandate, and sustainability is a larger consideration than in the past.
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