The bank clinched the top spot in three categories at this year's The Asset awards, namely Best Structured Trade Finance, Best New Economy, and Best NBFI Bank in APAC, due to its successful Global Hausbank offering presentation to its clients.
United Overseas Bank (UOB) Takes Top Honors in Structured Trade Finance and Risk Management in APAC
Singapore-based United Overseas Bank (UOB) has been recognised as the leading institution in structured trade finance and risk management in the Asia Pacific (APAC) region. The bank was awarded the prestigious titles of 'Best Structured Trade Finance Bank in APAC' and 'Best Risk Management Bank' at the 2024 The Asset awards.
The awards, which recognise the best in the industry, honoured 45 client solutions this year. UOB's success was particularly notable in its growth with 'new economy' clients in Asia Pacific.
The bank's strong performance was not limited to these specific categories. The Asset also recognised UOB's success in treasury and working capital services, awarding it 'Best in Treasury and Working Capital-New Economy' and 'Best in Treasury and Working Capital-Non Bank Financial Institutions'.
UOB's strategy for continued and sustainable growth was also acknowledged by The Asset. The bank showed particular strength in South Asia and ASEAN, where it has been providing holistic solutions for clients in turbulent markets.
In addition to these accolades, Matthew Moodey, Head of Trade Finance & Lending for Asia Pacific, was named Structured Trade Finance Banker of the Year. The Best Cash Management Solution was awarded in 13 markets, and the Best Trade Finance Solution was awarded in seven markets.
A total of 19 other colleagues and teams across the region were also recognised by The Asset, reflecting UOB's commitment to excellence in client-focused and innovative banking solutions.
The Asset's evaluation process includes client feedback from the Annual Benchmark Survey, in-depth client interviews, and detailed awards pitches. The focus on growing the Corporate Bank is paying off for UOB, as its strong performance was recognised across the full spectrum of its services.
[1] UOB Indonesia has publicly highlighted winning prestigious Asset awards related to treasury, trade, supply chain, and risk management for 2024. [4] The bank has also been recognized in retail banking and treasury services, reflecting excellence in client-focused and innovative banking solutions.
It is worth noting that no other bank in the search results explicitly matches all these exact titles at the 2024 The Asset awards, further solidifying UOB's position as the recognised institution for these top honours in structured trade finance and risk management in APAC for 2024. The bank is doubling down on its growth regions, specifically ASEAN and key markets like North Asia and South Asia. The Asset's recognition of UOB's strategy for its potential for continued growth is a testament to the bank's commitment to its clients and the region.
- Given the recognition of United Overseas Bank (UOB) in the 2024 The Asset awards, where it was honored as the 'Best Structured Trade Finance Bank in APAC' and 'Best Risk Management Bank', it is evident that their expertise lies in the areas of risk management and finance, particularly in structured trade finance.
- The success of UOB in sectors such as treasury and working capital services, and their growth with 'new economy' clients in Asia Pacific, demonstrates their competency in business management, further underscoring their position as a leading institution in finance and risk management.
