Asset Benchmark Research: The region's best local currency bond individuals in research, sales and trading for 2021
Asset Benchmark Research
The region's best local currency bond individuals

in research, sales and trading for 2021


Pan Asia

Rank Name of Individual Bank
1 Wei-Zheng Kit Citi
2 Sonal Varma Nomura
3 Pin-Ru Tan HSBC
4 Andre De Silva HSBC
5 Johanna Chua Citi
6 Jennifer Kusuma ANZ
7 Sameer Goel Deutsche Bank
8 Mallika Sachdeva Deutsche Bank
9 Lawrence Lai Standard Chartered
10 Gaurav Garg Citi
Highly commended Rohit Arora UBS
Min Dai Morgan Stanley
Chandresh Jain BNP Paribas
Nagaraj Kulkarni Standard Chartered
Nicholas Mapa ING
Edward Lee Standard Chartered
Arthur Luk J.P. Morgan
Sanjay Mathur ANZ
Mohamed Faiz Nagutha Bank of America
Claudio Piron Bank of America
Danny Suwanapruti Goldman Sachs
Rank Name of Individual Bank
1 Yap Kah Wei Standard Chartered
2 Benedict See-Toh Standard Chartered
3 Ben Chan ANZ
4 Eugene Leck CIMB
5 Lee Siang Loong Deutsche Bank
Highly commended Rachel Aw CIMB
Amy Chan HSBC
Shreya Chawla Deutsche Bank
Eric Fung Standard Chartered
Kai Jin Goh DBS
Amber Hasan HSBC
Una Lee HSBC
Ethan Ling Deutsche Bank
Spencer Teo Deutsche Bank
Shaun Ting Nomura
Rank Name of Individual Bank
1 Ai-Li Ong UOB
2 Hiroyuki Wakimoto HSBC
3 Khoo Nee On J.P. Morgan
4 Sreedhar Mylavarapu Nomura
Highly commended Jason Piong CIMB

Greater China*

Rank Name of Individual Bank
1 Becky Liu Standard Chartered
2 Tianhe Ji BNP Paribas
Rank Name of Individual Bank
1 Debbie Liu 柳怡如 Masterlink Securities
2 Leona Lee Bank of China Hong Kong
3 Sara Woo Mizuho Securities
4 Jay Hsu 許俊吉 Yuanta Securities
Rank Name of Individual Bank
1 Ivan Lam Bank of China Hong Kong

Renminbi bond

Onshore
Rank Name of Individual Bank
1 Bing Yang 杨冰 CICC
2 Jianheng Chen 陈健恒 CICC
3 Yan Xu 许艳 CICC
4 Jiqiang Zhang 张继强 Huatai Securities
5 Ting Lu 陆挺 Nomura
Highly commended Linan Liu 刘立男 Deutsche Bank
Tao Wang 汪濤 UBS
Offshore
Rank Name of Individual Bank
1 Jeffrey Zhang Standard Chartered
2 Terry Chan Standard Chartered
Onshore
Rank Name of Individual Bank
1 Tianshu Sun 孙天姝 CICC
2 Tengbo Cao 曹腾博 Citics
3 Ricky Li 李思奇 HSBC
Highly commended Xuya Bai 白叙雅 CICC
Xuejiao Hu 胡雪娇 BNP Paribas
Yee-Ket Lee Deutsche Bank
Lillian Tao Deutsche Bank
Offshore
Rank Name of Individual Bank
1 Kevin Wong Credit Agricole
2 Cherry Chan Standard Chartered
3 Soon Shean Ong HSBC
4 Vincent Tong Mizuho Securities
Onshore
Rank Name of Individual Bank
1 Nathan Jin 晋铁 HSBC
Highly commended Star Lai 賴宗杰 KGI Securities
Zheye Wang 王哲也 Orient Securities
Offshore
Rank Name of Individual Bank
1 Yu-An Luo Standard Chartered
2 Alvin Ng TD Securities
3 Dan Ip HSBC
4 William Cai Citic CLSA
5 Johnny Lin Standard Chartered

Hong Kong dollar bond

Rank Name of Individual Bank
1 Terry Chan Standard Chartered
Rank Name of Individual Bank
1 Kevin Wong Credit Agricole
2 Cherry Chan Standard Chartered
3 Soon Shean Ong HSBC
Rank Name of Individual Bank
1 Yu-An Luo Standard Chartered
2 Alvin Ng TD Securities
3 Patrick Lam HSBC
4 Dan Ip HSBC

Indian Rupee bond

Rank Name of Individual Bank
1 Kaushik Das Deutsche Bank
2 Pranjul Bhandari HSBC
3 Prasanna Ananthasubramanian ICICI Securities Primary Dealership
4 Sajjid Chinoy J.P. Morgan
5 Samiran Chakraborty Citi
Highly commended Soumya Kanti Ghosh State Bank of India
Siddharth Kothari Sunidhi
Anubhuti Sahay Standard Chartered
Indranil Sengupta Bank of America
Abhishek Upadhyay ICICI Securities Primary Dealership
Rank Name of Individual Bank
1 Dhawal Kumar Bank of America
2 Karan Suresh Ahuja ICICI Securities Primary Dealership
3 Neha Saraf Nomura
4 Saket Banka HSBC
5 Sanket Tandon ICICI Securities Primary Dealership
Highly commended Avishake Choudhary HDFC Bank
Suraj Gandhi Standard Chartered
Chaitanya Sampat Standard Chartered
Vikram Swaminathan ICICI Securities Primary Dealership
Unnati Vyas ICICI Bank
Rank Name of Individual Bank
1 Maneesh Pathak Morgan Stanley
2 Deepan Bafna HDFC Bank
3 Ujjwal Kumar Credit Suisse
4 Vikas Jain Bank of America
5 Manoj Chitlangia Goldman Sachs

Indonesia Rupiah bond

Rank Name of Individual Bank
1 Fakhrul Fulvian Trimegah Sekuritas
2 Handy Yunianto Mandiri Sekuritas
3 Helmi Arman Citi
4 Leo Putra Rinaldy Mandiri Sekuritas
5 Adrian Panggabean CIMB Niaga
Highly commended Andry Asmoro Bank Mandiri
Ahmad Mikail Samuel Sekuritas
Satria Sambijantoro Bahana Sekuritas
Putera Satria Bahana Sekuritas
Aldian Taloputra Standard Chartered
Rank Name of Individual Bank
1 Jonathan Raharja Citi
2 Dewa Ayu Putu Novita Angelia CIMB Niaga
3 Fairy Yunawan HSBC
4 Theresia Irene Rusli BNP Paribas
5 Ranny Rianovita DBS
Highly commended Tito Batubara Citi
Yudo Kahuripan J.P. Morgan
Alfani Rachma Trimegah Sekuritas
Natalia Suryawidi Bank Permata
Kartika Upadani CIMB Niaga
Rank Name of Individual Bank
1 Ferry Lisman Citi
2 Daniel Buntardjo Citi
3 Daud Purwasabda Bank Danamon
4 Francis Soetopo Deutsche Bank
5 Michael Isprihanto CIMB Niaga
Highly commended Basuki Kurniawan ANZ

Malaysian Ringgit bond

Rank Name of Individual Bank
1 Winson Phoon Maybank
2 Suhaimi Ilias Maybank
2 Sri Raman Hong Leong Bank
3 Nik Ahmad Mukharriz CIMB
4 Chang Wai Ming RHB
5 Julia Goh UOB
Highly commended Ray Choy CIMB
Anthony Dass AmBank
Munesh Nair Muralidharan AmBank
Choong Yin Pheng Hong Leong Bank
Se Tho Mun Yi Maybank
Rank Name of Individual Bank
1 Su Farn Ho AmBank
2 Louis Goh Kok Kit Hong Leong Bank
3 Heidi Raman CIMB
4 Shera Shah Shaharudin Citi
5 Sheryl Lim UOB
Highly commended Farhanah Azman RHB
Badrul Syahfendy bin Haji Mohamad Hong Leong Bank
Daniel Ng Cheng Khoon RHB
Chris Lau Maybank
Palvinder Singh CIMB
Aniq Taqiyuddin RHB
Quintin Tan Hong Leong Bank
Rank Name of Individual Bank
1 Kwan Tsong Chok Hong Leong Bank
2 Akmal Zaid Mansor AmBank
3 Joseph Ng Bank Islam
4 Chua Tuan Pey AmBank
5 Wei Yang Lam AmBank
Highly commended Dzorif Don Zulkarnai Azmi CIMB
Jamil Baharuddin AmBank
Jessica Cheah Standard Chartered
Azmi Mohd Salleh Citi
Ooi Pei Xuan J.P. Morgan

Philippines Peso bond

Rank Name of Individual Bank
1 Emilio S Neri Jr Bank of the Philippine Islands
2 Michael Ricafort RCBC
3 Jun Trinidad Union Bank of the Philippines
4 Ruben Zamora Metrobank
5 Dan Roces Security Bank
Rank Name of Individual Bank
1 Toni Bautista Standard Chartered
2 Gabriel Liboro Metrobank
3 Samantha Dayrit Metrobank
4 Rossanna Refuerzo Union Bank of the Philippines
5 Angeline Sia-Uy Security Bank
Highly commended Kathy Briones RCBC
Carlyn Dulay Security Bank
Michaela Fernandez Unionbank of the Philippines
Mary Grace Ong-Singson First Metro Investment Corporation
Bernard Paco EastWest Bank
Rank Name of Individual Bank
1 Kathryn Abes Metrobank
2 Cristina P Arceo China Banking Corporation
3 Dave Estacio First Metro Investment Corporation
4 Monse Onglao HSBC
5 Alfie Lacuesta Standard Chartered
Highly commended Zheng Wu Metrobank

Singapore dollar bond

Rank Name of Individual Bank
1 Zhi Qi Seow OCBC
2 Simon Jong DBS
Rank Name of Individual Bank
1 Wei-Yu Yong DBS
2 Xue-Wei Cai DBS
3 Jocelyn Loh DBS
Rank Name of Individual Bank
1 Benedict Phua Standard Chartered
2 Lionel Lim DBS
= Pin Jing Tan Citi
3 Jennifer Or HSBC

New Taiwan dollar bond

Rank Name of Individual Bank
1 羅瑋 Taipei Fubon Bank
2 陳禮穆 China Development Financial
Rank Name of Individual Bank
1 Bonnie Yu 游惠如 Sinopac Securities
2 Emily Hsiao 蕭振慈 Taipei Fubon Bank
3 Una Chen 陳惠瑜 Waterland Securities
4 Janelle Yu Masterlink Securities
5 賴雅玲 Horizon Securities
Highly commended Min-Hsiu Huang 黃敏秀 Cathay Securities
Mei-ling Liu 劉美玲 Fubon Securities
吳忠勇 KGI Securities
Rank Name of Individual Bank
1 Linda Yang 楊雅玲 Taiwan Cooperative Securities

Thai Baht bond

Rank Name of Individual Bank
1 Kobsidthi Silpachai Kasikorn Bank
2 Nalin Chutchotitham Citi
3 Tim Leelahaphan Standard Chartered
Highly commended Pipat Luengnaruemitchai Phatra Securities
Poon Panichpibool Krung Thai Bank
Rank Name of Individual Bank
1 Chut Trakoolngam Bank of America
2 Nattiya Yuarriyakul Standard Chartered Bank (Thai)
3 Nipaporn Wattanamongkolsiri CIMB Thai
4 Nithiwat Khoosuwan Bank of Ayudhya
5 Rattiya Ratiphokhin Bangkok Bank
Highly commended Boonyanuch Hannoraseth Krung Thai Bank
Sasiwimon Parthanadee Kasikorn Bank
Tidarat Sappasopit Krung Thai Bank
Thanchanok Songsapkul Citi
Thanchanok Suwanchana HSBC
Rank Name of Individual Bank
1 Danaya Wanitphakdeedecha TISCO Bank
2 Pornpilin Jariyaput Bangkok Bank
3 Kaewritkrib Viriyawathana Citi
Top ranked for the past three consecutive years or longer.
Note: Highly commended individuals are ranked in alphabetical order by their last name.Some individuals are featured in several of the rankings according to the local currency bond market(s) they cover.
*Featuring sell-side individuals covering more than two of the following markets: the New Taiwan dollar bond market, the Hong Kong dollar bond market, and the onshore and offshore Renminbi bond markets.

Methodology

The 2021 Asian Local Currency Bond Benchmark Review surveyed over 500 institutional fixed income investors who are active in 10 Asian currency bond markets: China (onshore and offshore), Hong Kong, Indonesia, India, Malaysia, Philippines, Singapore, Taiwan and Thailand.
As part of the review, Asset Benchmark Research asked the investors to nominate the top sell-side individuals by function: research (including analysts and economists/strategists), salespeople and traders. The nominations collected are subject to two weightings: the first according to the rank in the nomination form and the second determined by the rating of the individual casting the vote.
Based on the nominations received, the top individuals with the highest weighted score are ranked according to their job function and geographic location. Those individuals that rank below the top however meet a required threshold score and votes are considered in the ‘Highly Commended’ category.
This year more than 650 sellside individuals active in Asian local currency bond markets were nominated and over 200 achieved a rank.

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