| ASIA |
| Best Regional Bank: Citi |
| Best at Cash Management: Citi |
| Best Investment Bank: UBS |
| Best Equity House: Goldman Sachs |
| Best Debt House: HSBC |
| Best at Risk Management: HSBC |
| Best at Project Finance: HSBC |
| Best M&A House: Morgan Stanley |
| Best at FX Exchange: Deutsche Bank |
Citi and UBS, last year’s best bank and best investment bank in Asia respectively, are both among the institutions whose reputations and revenues were most battered in the past 12 months. The field seemed wide open for Asia’s regional players – and the banks less blasted by the misfortunes about which so much has been written – to step up. Standard Chartered, long considered boring for its focus on core banking businesses, is now feted as having weathered the crisis better than almost any other institution.