Website wins top accolades in APAC Asset Servicing Awards, with Anand Rengarajan being crowned 'Custodian Banker of the Year'. Trust and Securities Services also recognized as Best in Corporate Trust in the APAC region.
In a significant recognition of his leadership and strategic vision, Anand Rengarajan, Head of Sales for Trust and Securities Services (TSS) at Deutsche Bank, has been awarded the prestigious "Custodian Banker of the Year" accolade at The Asset Triple A Sustainable Investing Awards 2025.
Based in Singapore, Rengarajan oversees the custody and safekeeping of assets for major asset owners and managers across the Asia Pacific, Middle East, and Africa regions. His role has been instrumental in restoring client confidence and trust in Deutsche Bank's custody business, particularly following challenges such as the bank's credit rating downgrade several years ago, which raised concerns over counterparty risk in asset safekeeping.
Under Rengarajan's leadership, Deutsche Bank has undergone a business turnaround, re-establishing itself as a trusted custodian and a viable alternative for clients seeking diversification. He has been influential in evolving the asset servicing model to meet future demands, focusing on collaboration with global custodians to complement regional strengths.
The awards ceremony saw the TSS team winning a total of 33 awards from The Asset, including Best in Corporate Trust. The Philippines, Indonesia, Malaysia, Sri Lanka, and India were recognised for their exceptional performance in various categories. The Philippines was highly commended as Best Subcustodian, while the Depositary Receipts team won the Best DR Mandate award 12 times since 2013.
Technology played a significant role in Deutsche Bank's success, with Best DR Mandate awarded to Pony AI. India was recognised as Best Domestic Custody for the 16th consecutive year and won Best Subcustodian Mandate (LBBW). Malaysia maintained its position as Best Domestic Custodian for the 8th year running. Sri Lanka was honoured as Best Domindostic Custody for 11 straight years.
Individual excellence was also recognised, with several team members receiving awards. Anton Joseph (Sri Lanka), Rachel-Ann Oliveros (Philippines), Kris Serrano (Philippines), Lucy Liu (China), Norazlina Yusoff Helmy (Malaysia), Hanny Kusumawati (Indonesia), Tina Luan (China), Kim Berbano (Philippines), Leo Mao (China), Guo Wei Seah (Singapore), and Ann Vuong (China) were all recognised for their contributions in Asset Servicing and Corporate Trust. Rashid Contractor (India) was highly commended in the 'Best Individual in Corporate Trust' category.
Ann Vuong (China) also won 'Best Individual in Corporate Trust'. India secured two additional wins for Best Fund Administration Mandate - Alternative Investments (IKIGAI Investment Managers) and Best Fund Administration Mandate - Retail (Baroda BNP Paribas Mutual Fund).
The awards reaffirm Deutsche Bank's leadership in the Asia Pacific region, with its Trust and Securities Services (TSS) website continuing to lead the way. This recognition highlights Rengarajan's visionary leadership, dedication to industry advancement, and strategic implementation of technology and innovation.
- Anand Rengarajan's leadership, particularly in the realm of banking-and-insurance, has been acknowledged as he was awarded the title "Custodian Banker of the Year" for Deutsche Bank's Trust and Securities Services (TSS).
- Under Rengarajan's guidance, Deutsche Bank has focused on integrating technology in its operations, which played a significant role in the bank's success as evidenced by the Best DR Mandate awarded to Pony AI.
- The TSS team, under Rengarajan's Leadership, has made significant strides in various business sectors, including real-estate and finance, as shown by their 33 awards from The Asset in areas such as Corporate Trust and Depositary Receipts.
- The awards also recognized individual excellence within the TSS team, with team members receiving awards for their contributions in areas like data-and-cloud-computing, business, and investing, such as Anton Joseph in Sri Lanka, Rachel-Ann Oliveros and Kris Serrano in the Philippines, and Tina Luan in China.
