Top financial magazine Euromoney recently announced the winners of its 2014 Awards for Excellence. The awards dinner took place at the Natural History Museum in London, and was hosted by TV presenter Richard Hammon, famous for his role in Top Gear. Over 500 leading bankers from across the globe attended, hoping to take home awards in more than twenty categories.
Euromoney’s editor Clive Horwood said of the ceremony, “Competition for the awards this year was tough, arguably the toughest it has been since the start of the global financial crisis. Increasingly, banks are adapting their business models to the new market and regulatory environments. The banks that have won our awards have, for the large part, also taken important decisions on their own strategy.”
He also added, “Banking in the future will be about what you do, as well as what you don’t do. This year our most successful banks have clearly defined what their core strengths are, and built their businesses around them,” about what strategies to expect from banks in the future. Euromoney’s “Banker of the Year” award went to Ken Moelis, founder and CEO of investment bank Moelis & Co. HSBC took home more awards than any other firm, winning four global awards including “Best Emerging Markets Debt House” as well as “Best Emerging Markets Bank.”
Goldman Sachs also won multiple awards winning both “Best Global” and “Best Emerging Market M&A” awards. While Goldman Sachs won for best M&A firm, the company advised Novartis on its recent restructuring along with finance firm Lazard. Lazard also won for “Best Independent Investment Bank,” which had also advised on the opposite side of the Novartis multi-legged transaction.
Euromoney also recognized the first-ever winner of its “Best Bank Transformation” award, which went to Spanish bank BBVA. Euromoney recognized the copay had strong operations in both the US and Latin America and looks to lead the way in the banking industry’s attempts to cope with the digital and online challenges.