Benchmark Research
Asset Benchmark Research
The region's best local currency bond individuals
in research, sales and trading for 2019
Pan Asia
Research
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Joseph Incalcaterra, HSBC
Jennifer Kusuma , ANZ
Arthur Luk, J.P.Morgan
Vivek Rajpal , Nomura
Danny Suwanapruti, Goldman Sachs
China
Research
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Jiangfan Ji 姬江帆, CICC
Chao Jiang 姜超, Haitong International Securities
Chao Li 李超, Huatai Securities
Hong Liang 梁红, CICC
Qing Qu 屈庆, Jianghai Securities
Sales
Rank
Name of Individual
Bank
1
Trading
Rank
Name of Individual
Bank
1
Hong Kong
Research
Rank
Name of Individual
Bank
1
2
2
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Cherry Chan, Standard Chartered
Leona Lee , Bank of China Hong Kong
Jin-Jin Teo, Standard Chartered
Davy Tsang, Citi
Kevin Zhuang, HSBC
Trading
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Haili Deng, Citic Securities
Patrick Lam , HSBC
India
Research
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Tushar Arora, HDFC Bank
Pranjul Bhandari , HSBC
Kaushik Das, Deutsche Bank
Soumya Kanti Ghosh, State Bank of India
Neelkanth Mishra, Credit Suisse
Abhishek Upadhyay, ICICI Securities Primary Dealership
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Saif Kabir , Morgan Stanley
Rakesh P, Yes Bank
Mohd Asif Rizwi, Yes Bank
Naveen Saproo, Axis Bank
Neha Saraf, Nomura
Trading
Rank
Name of Individual
Bank
1
2
3
Indonesia
Research
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Amir Dalimunthe, Danareksa Sekuritas
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Yudo Kahuripan, J.P.Morgan
Dedy Pramadya, Trimegah Securities
Jonathan Raharja, Citi
Natalia Suryawidi, Bank Permata
Kartika Upadani, CIMB Niaga
Trading
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Sony Hassan, J.P.Morgan
Henry Wibowo, HSBC
Malaysia
Research
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Anthony Dass, AmBank
Julian Suresh Sundaram, CIMB
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Edmund Liong Foo Boon, CIMB
Heidi Raman , CIMB
Shera Shah Shaharudin, Citi
Palvinder Singh, CIMB
Faten Zahira Zakaria, Affin Hwang Investment Bank
Trading
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Jamil Baharuddin, AmBank
Wei Yang Lam, AmBank
Sheryl Lim, UOB
Rizal Raduan, Affin Hwang Investment
Jessica Yee Pik Yuen, Maybank
Philippines
Research
Rank
Name of Individual
Bank
1
2
3
4
5
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Darlene Cu, Citi
Kristina Herrera, Philippine National Bank
Mikael Pasimio , Metrobank
Rossanna Refuerzo , Unionbank of the Philippines
Ysabella Villas, First Metro Investment Corporation
Trading
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Kathryn Abes , Metrobank
Alfie Lacuesta, Standard Chartered
Rhoderick Ratio, Asia United Bank
Maegan Salvacion, Security Bank
Singapore
Research
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Rahul Bajoria, Barclays
Gaurav Garg, Citi
Sanjay Mathur, ANZ
Mohamed Faiz Nagutha, Bank of America Merrill Lynch
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Xue-Wei Cai, DBS
Jolene Chan, J.P.Morgan
Wilson Liu, Bank of America Merrill Lynch
David Pan, OCBC
Edmund De Silva, Citi
Trading
Rank
Name of Individual
Bank
1
2
3
4
Taiwan
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Winnie Yun-Ju Chen 陳韻如, Jih Sun Securities
Yun-yun Li 李芸芸, Fubon Securities
Arthur Wu 吳忠勇, KGI Securities
Thailand
Research
Rank
Name of Individual
Bank
1
2
3
4
Sales
Rank
Name of Individual
Bank
1
2
3
4
5
Highly commended
Sirada Chantanusat, Krung Thai Bank
Sasiwimon Parthanadee , Kasikorn Bank
Thanchanok Suwanchana, HSBC
Nipaporn Wattanamongkolsiri, CIMB Thai
Somsak Wiwatpattanapong, Siam Commercial Bank
Trading
Rank
Name of Individual
Bank
1
2

Top ranked for the past three consecutive years or longer
Note: Highly commended individuals are ranked in alphabetical order by their last name. Individuals may also cover CNH and KRW bonds.

Methodology
The 2019 Asian Local Currency Bond Benchmark Review surveyed over 300 institutional fixed income investors who are active in 11 Asian currency bond markets: China (onshore and offshore), Hong Kong, Indonesia, India, Korea, 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 600 sellside individuals active in Asian local currency bond markets were nominated and over 180 achieved a rank.