Global Custodian is delighted to announce the winners of its fourth annual Leaders in Custody Asia awards, held at Raffles in Singapore last night. 
Deutsche Bank won four awards on the evening, while BNP Paribas, BNY, HSBC, Mizuho, Standard Chartered and State Street netted a hat-trick of honours.
DBS, ICBC and Northern Trust were among the organisations to pick up two awards.
The event celebrated the outstanding securities services providers across the Asia Pacific region, including those who have excelled in Global Custodian’s Agent Bank surveys, alongside our Editors’ Choice, Innovation and Individual honours.
In our Editors’ Choice segment, BNY took home the Global Custodian of the Year Asia award, while JP Morgan scooped Deal of the Year for the second year running for its mandate with Singapore’s Income Insurance Limited.
State Street was recognised for its partnership with Daiwa and its landmark acquisition of Mizuho’s offshore securities services business. The custodian also picked up ETF Administrator of the Year based on Global Custodian’s survey data.
Apex Group secured Fund Administrator of the Year for APAC.
Northern Trust also picked up double honours for its innovation and technology efforts in the Asia Pacific region.
Fintech of the Year went to Proxymity – making it a London and Singapore double this month – while BBH won Fund Services Deal of the Year, for its work with ICBC UBS Asset Management.
Deutsche Bank, Standard Chartered Bank, Mizuho Bank, ICBC and DBS Bank were among the standout winners in the survey categories, alongside MUFG and HSBC.
Deutsche Bank was crowned Agent Bank of the Year: Overall for the second year running, alongside recognition for Emerging Markets.
Standard Chartered won Agent Bank of the Year: Frontier Markets, while the major markets honour went to Mizuho.
Individual honours saw State Street’s Jason Rich and NSE Clearing’s Vikram Kothari inducted in Global Custodian’s Hall of Fame.
The winner of the coveted Industry Person of the Year was Francois Verlaine of Standard Chartered. 
A full list of winners can be found below. Congratulations to all those nominated this year.
Agent Banks of the Year
Major Markets
Mizuho Bank
Emerging Markets
Deutsche Bank
Frontier Markets
Standard Chartered
Overall
Deutsche Bank
Best in Class: Global
Account Management
Standard Chartered (Malaysia)
Asset Safety and Risk Management
Deutsche Bank (China)
Asset Servicing
ICBC (China)
Client Service
Mizuho Bank (Japan)
Relationship Management
MUFG (Japan)
Technology
BNP Paribas (India)
As Voted for by Network Managers
As Voted for by Network Managers
BNP Paribas
As voted for by Asset Managers
ICBC
As voted for by Global Custodians
HSBC
Best Custodian In…
China
Deutsche Bank
Hong Kong
DBS
India
BNP Paribas
Japan
Mizuho
Singapore
DBS
Fund Administrator of the Year
Apex Group
ETF Administration of the Year
State Street
Editors’ Choice
Global Custodian of the Year
BNY
Custody Deal of the Year
JP Morgan – Income Insurance Limited
Fund Services Deal of the Year
Brown Brothers Harriman (BBH) – ICBC UBS Asset Management
Asset Servicing Partnership of the Year
State Street – Daiwa
Asset Servicing Deal of the Year Australia
HSBC – Allianz Australia
Data & Analytics Deal of the Year
BNY – GPIF
Fintech of the Year
Proxymity
Digital Asset/DLT initiative of the Year
HSBC Orion
Excellence in Digital Asset Innovation
Northern Trust
Market Infrastructure Project of the Year
HKEX Bond Connect Securities Collateral
Asset Servicing Project One to Watch
The Northern Trust Carbon Ecosystem
Outstanding Achievement/Special Recognition
State Street – Mizuho Acquisition
Innovation Awards
Innovation in Risk and Resilience
NSE Clearing
Innovation in AI for Asset Servicing
BNY
Innovation in Digital Fund Operations
CITIC Securities
Innovation in Custody and Fund Services Technology
SBI-SG Global Securities Services
Innovation in Collateral Management
CCDC
Innovation in Settlement Efficiency
Central Depository Services (India) Limited (CDSL)
Individual Awards
Industry Legend
Jason Rich
Industry Legend
Vikram Kothari
Industry Person of the Year
Francois Verlaine