Deutsche Bank and Anand Rengarajan win top honours in APAC asset servicing awards

Deutsche Bank’s Trust and Securities Services (TSS) has reaffirmed its leadership in the Asia Pacific region sweeping multiple awards at The Asset Triple A Sustainable Investing Awards 2025.

Custodian Banker of the Year 

Anand Rengarajan, Head of Sales, Trust and Securities Services, Asia Pacific, Middle East & Africa, was honoured with The Asset’s 'Custodian Banker of the Year' award. This prestigious recognition highlights Anand's visionary leadership in expanding Deutsche Bank’s asset servicing presence, his dedication to industry advancement, and his strategic implementation of technology and innovation to address evolving client requirements.

Deutsche Bank sweeps regional awards in Asset Servicing and Corporate Trust

The TSS team won a total of 33 awards from The Asset, including Best in Corporate Trust, 11 country awards and 7 mandates of the year. 

Our team’s outstanding performance across multiple categories reflects our ongoing dedication to delivering excellence in corporate trust and asset servicing to a broad range of clients. Daniel Clark, Head of Trust and Securities Services APAC & MEA, and Global Head of Depositary Receipts

India continues its stellar performance, securing the Best Domestic Custody award for the 16th consecutive year. Sri Lanka has been recognised as Best Fund Administrator – Retail Funds for 11 straight years, while Malaysia maintains its position as Best Domestic Custodian for the 8th year running.

In the Depositary Receipts business, the team has demonstrated consistent excellence, winning the Best DR Mandate award 12 times since 2013—underscoring our leadership in the region.

Country awards: a testament to regional strength

• Indonesia: Best Subcustodian - Highly Commended
• Malaysia: Best Domestic Custodian
• Malaysia: Best Subcustodian - Highly Commended
• Malaysia: Best Fund Administrator, Retail Funds
• Philippines: Best Domestic Custodian - Highly Commended
• Philippines: Best Subcustodian - Highly Commended
• India: Best Domestic Custody
• India: Best Subcustodian - Highly Commended
• Sri Lanka: Best Domestic Custody
• Sri Lanka: Best Fund Administrator, Retail Funds
• Australia: Best in Corporate Trust

Key mandate wins

• Australia: Best Corporate Trust Mandate (Blackstone Real Estate Australia)
• India: Best Custody Mandate (Edelweiss Life Insurance)
• India: Best Fund Administration Mandate – Alternative Investments (IKIGAI Investment Managers)
• India: Best Fund Administration Mandate – Retail (Baroda BNP Paribas Mutual Fund)
• Philippines: Best Subcustodian Mandate (BNP Paribas)
• India: Best Subcustodian Mandate (LBBW)
• Technology: Best DR Mandate (Pony AI)

Celebrating individual excellence in Asset Servicing and Corporate Trust

• Anton Joseph #2 (Sri Lanka)
• Rachel-Ann Oliveros #4 (Philippines)
• Kris Serrano #7 (Philippines)
• Lucy Liu #8 (China)
• Norazlina Yusoff Helmy #9 (Malaysia)
• Hanny Kusumawati #13 (Indonesia)
• Tina Luan #13 (China)
• Kim Berbano #14 (Philippines)
• Leo Mao #14 (China)
• Guo Wei Seah #15 (Singapore)
• Rashid Contractor - Highly Commended (India)

‘Best Individual in Corporate Trust’:

• Ann Vuong #15 (China)