One of the exciting things about industry excellence awards is that nothing stays the same in the long term.
Geopolitics, demographics, changing global strategies of those organisations being voted upon, regulation (especially Basel III) and different perspectives of the voters themselves have all played a part in this year's line-up of TFR's Excellence Awards 2014. Certain coveted categories have new gold medallists - and the Ukraine crisis had clearly made itself felt just as the voting was getting underway.
However, because of the element of bias (yet again we had a certain local bank turning up many times in the Best Law Firm category - when will they learn?) a sense check has been performed with expert advice sought from impartial members of the TFR advisory board about final placings.
As for our new TFR 'Oscar' awarded for outstanding services to trade finance, it was always going to be interesting to see who would follow Pascal Lamy after he stepped down as WTO director general last year. The voting was clear - Andre Casterman's tireless work at SWIFT to automate trade and give banks and corporates improved interoperability and transaction efficiency impressed voters.
Another first was Best Trade Bank in Africa - the Africans are increasingly making their trade financing presence felt in sub-Saharan Africa and again this showed in the voting. Well done Ecobank! And when we wondered last year whether legal eagle Geoff Wynne's departure from Dentons to Sullivan & Worcester would move the voting in the same direction, we found it did - in spades.
The TFR Excellence Awards remains a readers poll - because we believe it is important that readers have their say in which organisations they most admire. We have been asked why warnings of the voting opening had not been emailed to individual organisations, but that would make it unfair (there is a danger of leaving someone out) and we hope that people do look at the TFR website with enough frequency to see the huge great advertisement up on the home page inviting visitors to 'click here' and place their votes.
Vigilant communicationst professionals might like to note that voting is live March to May inclusive every year and the awards form the main part of the July/August issue of TFR.
But having taken this feedback on board we will do more to promote the awards in terms of social media, email alerts and in-house advertisements in future years.
Well done to all our winners and a huge thanks to our reader voters for taking the trouble to complete our questionnaire.
A full list of winners with the six highly commended organisations in each category can be downloaded at the end of this summary list.
|TFR Fellowship Award||Andre Casterman (SWIFT)|
|Best Trade Bank in the World||HSBC||Citi||J.P. Morgan|
|Best Bank in Structured Commodity Trade Finance||Deutsche Bank||ING||Société Générale|
|Best Trade Bank in Metals and Mining||ING||Deutsche Bank||Natixis|
|Best Trade Bank in Oil and Energy||Deutsche Bank||ING||Société Générale|
|Best Trade Bank in Soft Commodities||Rabobank||ABN AMRO||ANZ|
|Best SME Financier||HSBC||BNP Paribas||UniCredit|
|Most Innovative Trade Bank||Citi||J.P. Morgan||BNY Mellon|
|Best Online Trade Provider||Citi||J.P. Morgan||Standard Chartered|
|Best Trade Bank in Africa||Ecobank||Standard Bank||Standard Chartered|
|Best Trade Bank in Latin America||Santander||BBVA||HSBC|
|Best Trade Bank in North America||Wells Fargo||Bank of America Merrill Lynch||Citi|
|Best Trade Bank in Western Europe||BNP Paribas||HSBC||ABN AMRO|
|Best Trade Bank in Central and Eastern Europe||UniCredit||Commerzbank||Raiffeisen Bank|
|Best Trade Bank in Russia and the CIS||Sberbank||Société Générale/Rosbank||VTB|
|Best Trade Bank in Asia Pacific||HSBC||Standard Chartered||ANZ|
|Best Trade Bank in the Middle East||HSBC||NBAD||Abu Dhabi Commercial Bank|
|Best Local Trade Bank in country||Sberbank||Itaú Unibanco||ICBC|
|Best Bank for ECA-covered finance||J.P. Morgan||HSBC||Citi|
|Best Export Credit Agency||KEXIM||Hermes Cover||US-Exim Bank|
|Best Development Finance Institution||EBRD (joint gold)||IFC (joint gold)||ADB (silver)|
|Best Specialist Trade Finance Institution||Falcon||Finacity||Texel|
|Best Forfaiting Institution||London Forfaiting||UniCredit||HSBC|
|Best Factoring Institution||FIM Bank||Société Générale CGA||BNP Paribas Factoring|
|Best Bank Trade Services Provider||BNY Mellon||Wells Fargo||Citi|
|Best Non-Bank Trade Services Provider||ICC Banking Commission||SWIFT||BAFT|
|Best Provider of Supply Chain Finance||J.P. Morgan||Citi||Bank of America Merrill Lynch|
|Best Technology Vendor||Misys||Surecomp||MIT|
|Best Trade Credit Broker||BPL Global||Willis||JLT|
|Best Trade Credit Underwriter||Swiss Re Corporate Solutions||Zurich||AIG|
|Best Law Firm in Trade Finance||Sullivan & Worcester||Reed Smith||Clyde & Co/Watson Farley & Williams (joint bronze)|
|TFR Excellence Awards 2014.pdf||214.3 KB|