Maybank has once again been recognised for its excellence in Banking and Financial Services capabilities by Asiamoney. The Group has won five awards and topped two polls for 2022, displaying its strength across the Group’s franchise namely its consumer and whole businesses in Malaysia and international footprint by securing the recognition of Best International Bank in Cambodia.
Announced on 21 September 2022 by Asiamoney, Maybank was named the Most Outstanding Company in Malaysia – Banking Sector for the second consecutive year under Asiamoney’s annual Asia’s Outstanding Companies Poll, which is designed to acknowledge listed companies that excel in areas of financial performance, management team excellence, investor relations and corporate social responsibility initiatives. Close to 1,000 fund managers, buy-side analysts, bankers and research analysts were polled for companies listed across 12 markets in Asia, with 175 companies recognised for their outstanding performance in their respective sectors and markets.
At the same time, Maybank received three awards under Asiamoney’s Best Bank Awards in 2022 namely Best Bank for Diversity & Inclusion in Malaysia, Best Investment Bank in Malaysia (Maybank Investment Bank) and Best International Bank in Cambodia. The Group’s win in diversity and inclusion is driven by its longstanding commitment in this area, measured by its inclusion in Bloomberg’s Gender Equality Index for the last five years and considering that Maybank is the only financial institution in Malaysia to be included in the index.
Asiamoney on its website acknowledges that Maybank is seen as a change agent in the industry, prodding peers to increase diversity to strengthen the performance of the broader economy. Key employee and industry thought leadership initiatives that have contributed to Maybank’s win include the Group’s inaugural Diversity Day held in 2021 and launch of its Allyship Programme, Maybank’s main corporate sponsorship of the 30% Club Malaysia, prioritisation of gender equality since 2009 which is displayed in Maybank’s workforce composition at all levels of the Group as well as the Bank’s ongoing support of female entrepreneurs through many programmes including their onboarding onto the Sama-sama Lokal platform.
Meanwhile, Maybank Investment Bank’s (Maybank IB) second annual consecutive win was supported by key achievements in its investment management and investment banking and advisory units. It ranked top in the Dealogic Malaysia equity capital markets league tables, with a 26% market share, completing four of the top five local equity deals while ranking second in debt markets league tables. It also executed key regional initial public offerings and placements in 10 sectors across key ASEAN markets.
Asiamoney recognises that Maybank IB is also the vanguard of Malaysia’s deepening green investment and sustainable sukuk markets. “Aside from wining mandates, the motivation reflects the far-reaching social and environmental benefits of institutionalising green finance in the country.”
Key initiatives by Maybank IB include the setup of a dedicated sustainable finance team to mobilise financing and arrange landmark sustainability issuances, including Bank Rakyat’s MYR10.0 billion Sukuk Wakalah Programme and SME Bank’s MYR500.0 million Sustainability IMTNs – the first sustainability IMTN by a development financial institution in Malaysia.
Maybank Cambodia was chosen for the third consecutive year as the Best International Bank in Cambodia given its impressive growth as one of the leading foreign banks in terms of assets, customer deposits and returns, its unmatched internet banking capabilities in Cambodia and digital strengths leveraging the parent Group as well as its initiatives to improve the local market, especially in support of local small and medium enterprises (SMEs).
Group President and CEO of Maybank, Dato’ Khairussaleh Ramli said these awards and poll findings re-enforce Maybank’s commitment in providing solutions that support customers’ end-to-end needs while placing emphasis on quality customer service.
“We have pioneered many digital and sustainability offerings to help our customers transition into an increasingly digital and green economy over the last few years and our efforts have shown our leadership position in Malaysia as well as in the region. We will continue to deliver progressive solutions and offerings premised on our commitment of listening to customers’ needs at all times across the markets we serve in line with our mission of Humanising Financial Services,” said Dato’ Khairussaleh.
Earlier this year, Maybank also received two awards - Best for investment research in Malaysia and Best for wealth transfer/succession planning in Malaysia – under the Asiamoney Private Banking Awards 2022 for the success seen in Maybank’s private banking arm. It is viewed as more than just an investment solutions provider but has the ability to provide clients with diversified asset offerings covering trusts, insurance and corporate banking solutions across the region while providing timely advice on matters including tax planning, property and succession planning.
Maybank was also recognised for the fourth consecutive year as the Market Leader for Trade Finance in Malaysia (Asian banks) as part of Asiamoney’s annual Trade Finance Survey. Asiamoney surveyed clients across the world on their use of trade finance services (international banks were excluded from the Asian Banks rankings) and these clients were then asked to nominate their top providers.
Asiamoney is a financial publication established in 1989 with financial and investment markets analysis for institutional investors, capital issuers, borrowers and corporates with business interests in Asia Pacific. It has merged with other key capital markets publications from the Euromoney Institutional Investor Group to form GlobalCapital. Asiamoney is a monthly publication with daily news and analysis on the GlobalCapital website.
Summary of Maybank’s Asiamoney wins:
Asiamoney Best Bank Awards 2022: Best Bank for Diversity & Inclusion in Malaysia, Best Investment Bank in Malaysia (Maybank Investment Bank) and Best International Bank in Cambodia.
Asiamoney Asia’s Outstanding Companies Poll 2022: Most Outstanding Company in Malaysia – Banking Sector.
Asiamoney Private Banking Awards 2022: Best for investment research in Malaysia and Best for wealth transfer/succession planning in Malaysia.
Asiamoney Trade Finance Survey 2022: Market Leader for Trade Finance in Malaysia (Asian banks)