Best local currency bond individuals 2023

Asset Benchmark Research

The region's best local currency bond individuals

in research, sales and trading for 2023

Pan Asia

Research

Rank	Name of Individual	Bank
1	Sonal Varma ☆	Nomura
2	Pin Ru Tan ☆	HSBC
3	Wei Zheng Kit ☆	Citi
4	Nicholas Mapa ☆	ING
5	Jennifer Kusuma ☆	ANZ
6	Johanna Chua ☆	Citi
7	Nagaraj Kulkarni ☆	Standard Chartered
8	Sanjay Mathur ☆	ANZ
Highly commended	Brian Tan	Barclays
	Edward Lee Wee Kok	Standard Chartered
	Euben Paracuelles	Nomura
	Gaurav Garg ☆	Citi
	Mohamed Faiz Nagutha	Bank of America
	Malika Sachdeva ☆	Deutsche Bank
	Sin Beng Ong	J.P. Morgan
	Sameer Goel ☆	Deutsche Bank

Sales

Rank	Name of Individual	Bank
1	Jiang Shen Chuah	Nomura
2	Benjamin Lau	Barclays
3	Adrian Quek	Standard Chartered
4	Siang Loong Lee ☆	Deutsche Bank
Highly commended	Amy Chan ☆	HSBC
	Angeline Teo	TD Securities
	Avel Wong	Standard Chartered
	Bo-yu Chua	Deutsche Bank
	Ben Chan ☆	ANZ
	Edmund De Silva	Citi
	Nicole Tay	Deutsche Bank
	Shaun Ting ☆	Nomura

Trading

Rank	Name of Individual	Bank
1	Chok Kwan Tsong ☆	Hong Leong Bank
2	Ai Li Ong ☆	UOB
Highly commended	Colin Lee	TD Securities

Greater China*

Research

Rank	Name of Individual	Bank
1	Becky Liu 刘洁 ☆	Standard Chartered
2	Lu Sun 孙璐	Goldman Sachs
Highly commended	Jian Chang	Barclays
	Kelvin Lau	Standard Chartered
	Wang Ju	BNP Paribas

Sales

Rank	Name of Individual	Bank
1	Kinson Chan	Standard Chartered
2	Leona Lee 李萍 ☆	Bank of China (Hong Kong)
Highly commended	Sara Woo	Standard Chartered

Trading

Rank	Name of Individual	Bank
1	Yu An Danny Luo ☆	Standard Chartered
2	Dan Ip ☆	HSBC
Highly commended	Alvin Ng ☆	TD Securities
	Ivan Lam ☆	Bank of China (Hong Kong)
	Patrick Lam 林经纬 ☆	HSBC

Renminbi bonds

Research

Onshore

Rank	Name of Individual	Bank
1	Jianheng Chen 陈健恒 ☆	CICC
2	Lulu Wei 韦璐璐	CICC
3	Bing Yang 杨冰 ☆	CICC
4	Yan Xu 许艳 ☆	CICC
5	Xiangrong Yu	Citi
Highly commended	Ruijuan Wang 王瑞娟	CICC
	Tao Wang	UBS

Sales

Onshore

Rank	Name of Individual	Bank
1	Ricky Li 李思奇 ☆	HSBC
Highly commended	Christine Lu	Citi

Trading

Onshore

Rank	Name of Individual	Bank
1	Nathan Jin 晋铁 ☆	HSBC

Hong Kong dollar bonds

Sales

Rank	Name of Individual	Bank
1	Soon Shean Ong ☆	HSBC
2	Cherry Chan	ANZ
Highly commended	Kathy Ng	HSBC

Indian rupee bonds

Research

Rank	Name of Individual	Bank
1	Pranjul Bhandari ☆	HSBC
2	Kaushik Das ☆	Deutsche Bank
3	Samiran Chakraborty ☆	Citi
4	Sajjid Chinoy ☆	J.P. Morgan
5	Siddharth Kothari ☆	Sunidhi Securities
=	Prasanna Ananthasubramanian ☆	ICICI Securities Primary Dealership
Highly commended	Abhishek Upadhyay ☆	ICICI Securities Primary Dealership
	Anubhuti Sahay ☆	Standard Chartered
	Gaura Sengupta	IDFC First Bank
	Madhavi Arora	Emkay Global
	Santanu Sengupta	Goldman Sachs
	Soumya Kanti Ghosh ☆	State Bank of India
	Upasna Bhardwaj	Kotak Bank

Sales

Rank	Name of Individual	Bank
1	Saket Banka ☆	HSBC
2	Neha Saraf ☆	Nomura
3	Dhawal Kumar ☆	Bank of America
4	Chaitanya Sampat ☆	Standard Chartered
5	Vikram Swaminathan ☆	ICICI Securities Primary Dealership
=	Kanika Uppal	Bank of America
Highly commended	Abhijit Vakharkar	ICICI Bank
	Amit Mundra	HSBC
	Karan Ahuja ☆	ICICI Securities Primary Dealership
	Nikky Khandelwal	Axis Bank
	Rishi Godha	Citi
	Suraj Gandhi ☆	J.P. Morgan
	Unnati Vyas ☆	ICICI Bank

Trading

Rank	Name of Individual	Bank
1	Maneesh Pathak ☆	Morgan Stanley
2	Sanket Tandon ☆	ICICI Securities Primary Dealership
3	Vikram Ramani	J.P. Morgan
4	Vivek Sharma	Kotak Bank
5	Sriraj Bhattacharjee	Nomura
Highly commended	Deepan Bafna ☆	Citi
	Nitin Agarwal	ANZ
	Sibasish Patnaik	ICICI Securities Primary Dealership
	Vikas Jain ☆	Bank of America

Indonesia rupiah bonds

Research

Rank	Name of Individual	Bank
1	Handy Yunianto ☆	Mandiri Sekuritas
2	Fakhrul Fulvian ☆	PT Trimegah Sekuritas Indonesia Tbk
3	Helmi Arman ☆	Citi
4	Leo Putra Rinaldy ☆	Mandiri Sekuritas
5	Andry Asmoro	Bank Mandiri
Highly commended	Amir Dalimunthe	BNI Sekuritas
	Aldian Taloputra ☆	Standard Chartered
	Satria Sambijantoro ☆	Bahana Sekuritas

Sales

Rank	Name of Individual	Bank
1	Alfani Rachma ☆	PT Trimegah Sekuritas Indonesia Tbk
2	Dewa Ayu Putu Novita Angelia ☆	CIMB
3	Jonathan Raharja ☆	Citi
4	Ranny Rianovita ☆	UOB
5	Dewi Puspasari	Bank Mandiri
Highly commended	Edward Lie	ANZ
	Fairy Tuliana Yunawan	HSBC
	Kartika Upadani	CIMB Niaga
	Sigit Indriyatma	PT Trimegah Sekuritas Indonesia Tbk
	Theresia Irene Rusli	BNP Paribas

Trading

Rank	Name of Individual	Bank
1	Daniel Buntardjo ☆	Citi
2	Ferry Lisman ☆	Citi
Highly commended	Daud Purwasabda ☆	Bank Danamon
	Michael Agung Isprihanto ☆	CIMB Niaga

Malaysian ringgit bonds

Research

Rank	Name of Individual	Bank
1	Winson Phoon ☆	Maybank
2	Michelle Chia	CIMB
3	Julia Goh Mei Ling ☆	UOB
4	Sri Raman ☆	Hong Leong Bank
5	Suhaimi Ilias ☆	Maybank

Sales

Rank	Name of Individual	Bank
1	Heidi Raman ☆	CIMB
2	Muhamad Saifullah Bin Alias	RHB Bank
3	Ho Su Farn ☆	AmBank
4	Shera Shah Shaharudin ☆	Citi
5	Nicole Ling	RHB Bank
Highly commended	Aniq Taqiyuddin ☆	Hong Leong Bank
	Badrul Syahfendy Bin Mohamad ☆	Hong Leong Islamic Bank
	Chris Lau Hock Yan ☆	Maybank
	Filda Adnin	UOB
	Liong Foo Boon	CIMB
	Louis Goh Kok Kit ☆	Hong Leong Bank
	Nurul Syamim Shawal	Maybank
	Palvinder Singh ☆	CIMB
	Quintin Tan ☆	Hong Leong Bank

Trading

Rank	Name of Individual	Bank
1	Akmal Zaid Mansor ☆	AmBank
2	Wei Yang Lam	Maybank
3	Joseph Ng ☆	Bank Islam
Highly commended	Darren Lee	AmBank
	Jessica Cheah ☆	Standard Chartered
	Kek Sheng Pang	CIMB
	Rahmat Hadi Zabarni	Maybank
	Raymond Tanuwidjaja	Deutsche Bank

Philippines peso bonds

Research

Rank	Name of Individual	Bank
1	Michael L. Ricafort ☆	RCBC
2	Jun Trinidad ☆	UnionBank of the Philippines
3	Emilio Neri ☆	Bank of the Philippine Islands
Highly commended	Jonathan Koh	Standard Chartered
	Ruben Zamora ☆	Metrobank

Sales

Rank	Name of Individual	Bank
1	Mari Toni Bautista ☆	Standard Chartered
2	Bernard Paco ☆	First Metro Investment Corp
3	Juan Gabriel B. Liboro ☆	Metrobank
4	Paterno Cobrador IV	Metrobank
5	Catricia Bell Bantoc	Security Bank
Highly commended	Angeline Sia-Uy ☆	Security Bank
	Carlyn Therese X. Dulay	Security Bank
	Darlene Cindy Cu	Citi
	Michaela Fernandez Vita	UnionBank of the Philippines
	Mary Grace Ong ☆	First Metro Investment Corp
	Jyka Aicitel Marie Balista	Security Bank
	Jovhen Santos	China Banking Corporation
	Jerrine Lim	ING
	Rachel Guerrero	EastWest Bank

Trading

Rank	Name of Individual	Bank
1	Miki Sakaki	HSBC
2	Kevin Rosario	Metrobank
3	Kathryn Abes ☆	Metrobank
4	Dave Estacio ☆	Metrobank
5	Marco Co	Deutsche Bank
Highly commended	Alfie Lacuesta ☆	Standard Chartered
	Anne Denisse Guiao	EastWest Bank
	Samantha Dayrit ☆	Metrobank

Singapore dollar bonds

Sales

Rank	Name of Individual	Bank
1	Wei Yu Yong ☆	DBS
Highly commended	Fion Chan	Goldman Sachs
	Hong Heng Jiong	CIMB
	Ming Ming Loo	Citi
	TS Wong	UOB

Trading

Rank	Name of Individual	Bank
1	Lionel Lim ☆	DBS
2	Daisy Chen	Citi
Highly commended	Hui Yi Ling	Standard Chartered
	Jason Yong	CIMB

New Taiwan dollar bonds

Sales

Rank	Name of Individual	Bank
1	Debbie Liu 柳怡如 ☆	Masterlink Securities
2	Selena Lai 赖雅玲 ☆	Fubon Securities
3	Arthur Wu 吴忠勇	KGI Securities
	Janelle Yu 游艾邕 ☆	Masterlink Securities
Highly commended	Mimi Lee 李芸芸	CTBC Securities
	Sally Chen 陈沂争	Sinopac Securities

Trading

Rank	Name of Individual	Bank
1	Bonnie Yu 游惠如 ☆	Sinopac Securities
Highly commended	李方芳	President Securities

Thai baht bonds

Research

Rank	Name of Individual	Bank
1	Kobsidthi Silpachai ☆	Kasikornbank
2	Pipat Luengnaruemitchai ☆	Kiatnakin Phatra Financial Group
3	Nalin Chutchotitham ☆	Citi
4	Tim Leelahaphan ☆	Standard Chartered
Highly commended	Amornthep Chawala	CIMB Thai

Sales

Rank	Name of Individual	Bank
1	Chut Trakoolngam ☆	Bank of America
2	Nattiya Yuarriyakul ☆	Standard Chartered
3	Nithiwat Khoosuwan ☆	Bank of Ayudhya
Highly commended	Aim-orn Prugsanuwong	CIMB Thai
	Nipaporn Wattanamongkolsiri ☆	CIMB Thai
	Sasiwimon Parthanadee ☆	Kasikornbank
	Thunyawat Tangwiwat	HSBC

☆ Top ranked for the past three consecutive years or longer.

Note: Highly commended individuals are ranked in alphabetical order by their last name.

*Featuring sellside 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 2023 Asian Local Currency Bond Benchmark Review surveyed over 550 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 sellside 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 scores are ranked according to their job function and geographic location. Those individuals that rank below the top, but, meet a required threshold scores 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 almost 200 achieved a ranking.