Medallion Communications: Best Interconnectivity Solutions Team Africa 2017

Connecting Nigeria to the world, Medallion Communications maintains state-of-the-art switching centers and traffic clearing houses that allow the country’s telecom service providers to offer their clients world class services. Medallion Communications Limited (Medallion) is a foundational telecommunications infrastructure servicing company focused on providing carrier neutral critical network infrastructure for use by the industry.

Medallion Communications designs, implements, and operates traffic clearinghouses that function as nodes where telecom operators can seamlessly interconnect their networks, share resources, and reduce overhead. The company observes strict carrier neutrality and offers settlement services that allow operators to easily reconcile traffic, thereby reducing bureaucracy and ensuring efficient bill processing.

Medallion datacenters are today the most connected facilities in West Africa. It is the region’s number one peering point connecting the sub-region to the rest of the world. No other facility has the same number and concentration of International Submarine Fiber Operators (Mainone, Glo1, SAT3, WACs, ACE, etc); Long Distance Operators (Phase3, Multilinks-Telkom, MTN, Airtel, Globacom, etc); Metro Fiber Operators (Broadbase, 21st Century, VDT, IPNX, Suburban, etc); Critical National Content Operators (Nigerian Internet Exchange, Google, Nigerian Internet Registration Agency, VAS providers, etc); ISPs (Netcom Africa, Internet Solution, Vodacom, Layer3, Skyvision, etc). Medallion is the number one go-to facility for fast, efficient, and cost effective hosting and connectivity services when time to market and affordability is essential. Medallion is the chosen hosting company of choice for the major value added service providers and premium rated operators in Nigeria and international companies seeking to do business in Nigeria.

The CFI.co judging panel agrees that a robust telecom backbone is key to sustained business growth. As Africa go digital, network interconnectivity gains in importance. The judges commend Medallion Communications on both its achievements and dedication to operational excellence. Medallion Communications is declared winner of the 2017 Best Interconnectivity Solutions Team Africa Award.


Kandeo Fund: Best ESG Private Equity Team Latin America 2017

As a group, investment managers are particularly fond of buzzwords and novel trends that promise to combine high alpha, low beta, and – perhaps most important of all – a beneficial impact on people and the environment. These days, any self-respecting portfolio manager is all about impact investments and compliance with environmental, social, and governance (ESG) standards.

However, only a select few firms actually do as they say. Kandeo Fund is such a firm. The Latam based private equity firm is a favourite amongst impact investors seeking to extract both solid returns and social benefits. Kandeo Fund manages a sizeable portfolio of financial assets that is fully geared towards supporting small businesses and low-income workers. The firm prioritises investments that include gender equality and financial inclusion goals.

Kandeo Fund recognises that big changes often start with small initiatives. For example, the fund offers low-cost financing to farmers and labourers for the acquisition of new tools – creating a safer and more productive work experience in the process. The fund also dispenses microloans and home mortgages.

Kandeo Fund maintains significant investments in Colombia, Peru, and Mexico and has sourced funds in the US, Canada, Germany, and elsewhere. The firm boasts a solid track record in deploying resources for maximum verifiable impact. As such, Kandeo Funds has earned the trust of investors which, in turn, boosts its portfolio – and the social impact of its investments.

Thanks to its exceptionally experienced management team, including professionals from Latin America’s largest corporates, Kandeo Fund repeatedly outperforms the overall market whilst, at the same time, improving the lives of countless people.

The CFI.co judging panel commends the firm on its commitment to excellence in impact investing. The judges’ are pleased to declare Kandeo Fund winner of the 2017 Best ESG Private Equity Team Latin America Award.


Dubai Electricity and Water Authority (DEWA): Best Energy Demand Strategy GCC 2017

The daily task of delivering a dependable supply electrical power to the end-consumer may, at first glance, may seem none too exciting, though its execution and maintenance is far from a simple job. As it happens, the Ease of Doing Business Report 2018 the World Bank ranked the UAE, represented by Dubai Electricity and Water Authority (DEWA) in the first place worldwide in getting electricity category – nowhere on earth getting electricity to a property is easier and faster than in the emirate.

This feat can be fully ascribed to the operational excellence of DEWA which is widely recognised – and admired – as the world’s most efficient utility company. Business customers requiring oodles of power can obtain a 150KW power hook-up in under ten days. Moreover, the application process entails just two steps. DEWA effectively helps Dubai attain the bright future the emirate aims for.

Highest efficiencies do not appears out of thin air. DEWA invests considerable resources to find novel ways to up the corporate ante. The utility regularly organises creativity labs, workshops, and seminars to encourage out-of-the-box thinking. At these events, frank exchanges of ideas and experiences help the company’s workers and management come up with ways to further improve service levels, remove bottlenecks, and increase competitiveness.

DEWA’s Customer Minutes Lost (CML) is also a global benchmark.  DEWA is a model in efficiency with customers losing just 2.68 minutes per year– another world record. Thanks to the company’s state-of-the-art hardware, transmission and distribution losses remain limited to just 3.3% - about half the rate considered normal elsewhere in the world.

The CFI.co judging panel has monitored DEWA for a number of years and remains convinced that the Dubai utility represents the gold standard of the industry. The judges agree that DEWA is the clear winner of the 2017 Best Energy Demand Strategy GCC Award.


Wafacash: Best Money Transfer Services Morocco 2017

[caption id="attachment_5170" align="aligncenter" width="574"] Director General Samira Khamlichi (left) and Commercial Development & Partnerships Director Samira Lazraq (right).[/caption]

Morocco owes around 7% of its GDP to its diaspora of more than eight million people. To tap into this vast market that moves in excess of €5bn annually, Wafacash has teamed up with online money transfer service WorldRemit. Now, money transfers from anywhere in the world into Morocco can be finalised in seconds with a convenient app. Wafacash’ unequalled market penetration ensures that remittances can be sent almost instantly to any of the company’s 1,620 pick-up locations in Morocco. Already in 1995, Wafacash managed to become the first Maghreb partner of Western Union.

Set up in 1991 as a branch of the Attijariwafa Bank Group, one of the largest financial services providers in Africa, Wafacash has established a stellar reputation for operational efficiency and customer service. The company, initially called Wafa Monétique, pioneered the money transfer market in Morocco and has received wide recognition for its efforts to further financial inclusion. Its Visa Electron card, launched in 1997, helped democratise access to bankcards. Over the years, the company diversified its range of products with the inclusion of foreign exchange services and consumer loans offered via its corporate sibling Wafasalaf. The company also introduced the innovative Floussy Card – an electronic wallet not connected to a bank account.

The CFI.co judging panel notes that Wafacash has been exceptionally successful in exploring synergies. The company now boasts a vast range of tightly-integrated product range that provides its customers with unparalleled convenience and ease of use. The judges have closely followed the firm’s trajectory for a number of years and agree that Wafacash again merits recognition for its achievements. The judging panel declares Wafacash winner of the 2017 Best Money Transfer Services Morocco Award.


Capital Bank of Jordan: Best SME Bank Services Jordan 2017

One of the country’s main financial services providers, Capital Bank of Jordan caters to both retail and corporate customers and maintains a dedicated division to serve small and medium-sized enterprises (SMEs) with a full range of products and services tailored to meet the specific needs of this most dynamic sector.

Recognising the difficulties many promising SMEs used to experience in accessing financial services, Capital Bank of Jordan tapped into the market with a full suite of flexible and scalable services that are designed to allow smaller businesses to seize opportunities and expand operations.

Capital Bank of Jordan was established in 1995 as Export & Finance Bank and is particularly well-equipped to help facilitate cross-border trade. . The bank has since registered robust growth and is now able to help SMEs broach new markets and make full use of its international experience. Moreover, Capital Bank of Jordan partners with a number of multilateral finance organisations that allow the bank to extend its reach.

A domestic network of eleven full-service branches helps the bank maintain close proximity to its customers. Capital Bank of Jordan also holds a majority stake in National Bank of Iraq (NBI) and established a presence in the Dubai International Financial Centre (DIFC).

The CFI.co judging panel agrees that sustainable economic growth calls for a strong SME sector. The judges are pleased to offer Capital Bank of Jordan the 2017 Best SME Bank Services Jordan Award.


Tawreeq Holdings: Best SME Supply Chain Finance Solutions MENA 2017

Helping businesses of all sizes reach their full potential and make the most of every opportunity, Tawreeq Holdings of Dubai offers a comprehensive array of Sharia-compliant supply chain finance (SCF) products to clients throughout the Middle East and North Africa. Leveraging the power of new technologies, Tawreeq Holdings seeks to empower corporates whilst offering investors an alternative and highly-attractive alternative asset class.

Supply chain finance comprises solutions that optimise the management of working capital, freeing up liquidity otherwise stuck in supply chain processes. Tawreeq Holdings also helps its clients mitigate risk with strategies to ease business insolvency concerns. The firm’s securitisation programmes allow for improved cash flow management and are structured to improve the financial flexibility of corporates.

Tawreeq Holdings also offers a full suite of factoring and reverse factoring facilities. Thanks to its use of advanced cloud computing – including its own Tawreeq SCF platform – the firm is able to source quick solutions to any given challenge.

Set up in 2014, Tawreeq Holdings has quickly managed to meet the pent-up demand in the region for premier sophisticated financial services tailored to the needs of small and medium-sized enterprises (SMEs) and other corporates. The company counts on seasoned professionals to respond dynamically to changing market conditions and thus maintain its leading edge.

The CFI.co judging panel applauds Tawreeq Holdings for its multidisciplinary approach to corporate finance. The judges agree to name Tawreeq Holdings winner of the 2017 Best SME Supply Chain Finance Solutions MENA Award.


Middle East Paper Company (MEPCO): Best Corporate Governance Leadership - Saudi Arabia 2017

As Saudi Arabia strives to diversify its economy, exacting standards of corporate governance need to be applied, particularly if companies are to take advantage of the opening of the Kingdom’s capital market to international investors. The Middle East Paper company (MEPCO) founded in 2000, has firmly established itself as one of the largest paperboard producers in the Middle East. It has developed an enviable track record of maintaining the highest levels of corporate governance. This, in addition to helping MEPCO take the step to become a publicly listed company in 2015 has facilitated the prioritising of its sustainable methods of production, constantly reducing its impact on the environment through smart initiatives and educating the region through social impact projects.

Operating in an oil dominated environment, MEPCOs bravery and perseverance is being richly rewarded as the company witnesses unparalleled growth. The business now sets a shining example of how to balance profits with sustainability.

With extensive recognition for its strong Corporate Social Responsibility against a backdrop of difficult conditions with water resources becoming scarcer, MEPCO continues to innovate with processes to overcome such hurdles, often taken these processes in-house to maintain full control and transparency.

Aa a smart and sincere operator with a social conscience, backed by a highly driven and energetic team who have used high standards of corporate governance as an enabler for long term success,  the judges are happy to declare MEPCO winner of Best Corporate Governance Leadership – Saudi Arabia 2017.


Nordea Asset Management: Best ESG Investment Process Europe 2017

Delivering solid returns responsibly. Nordea Asset Management strives – and succeeds – to optimise financial returns with responsibility. Nordea Asset Management continues to integrate ESG analysis into the investment processes and also continue to develop and run specialized ESG products. The firm, part Nordea Bank, covers all asset classes in regions. The firm offers clients responsible solutions and strive to add value to their clients by actively considering environmental, social and governance issues.

The firm enjoys a well-established reputation as a pioneer of responsible investing, carefully considering all environmental, social, and governance aspects in investments. The firm has committed resources and established policies and processes to ensure that companies that they invest in meet various environmental, social and governance criteria.

Thie multi boutique strategy enables Nordea Asset Management to propose a wide array of solutions under any and all market conditions. As such, the firm is one of only a select few that manages to leverage the strength of a boutique investment approach whilst enjoying the scalability and stability of a large financial institution.

The CFI.co judging panel has followed the trajectory of Nordea Asset management for a number of years. The judges are pleased to note that the unique approach of the firm continues to yield excellent results. Nordea is declared winner of the 2017 Best ESG Investment Process Europe Award.


Eesti Energia: Best Energy-Saving App Baltics 2017

It would seem that the entire world is being “appified” – any human endeavour, curiosity, and chore may be distilled into an app. This is not an unwelcome development: apps add convenience to life and help users save both time and money. Already some years ago, electricity companies and other utilities discovered the power of the app universe. However, none have produced an app as comprehensive as the one produced by Eesti Energia – the main energy company of Estonia which, incidentally, boasts the world’s most advanced e-government.

No surprise then that an Estonian company should put out the power app against which all others are measured. Running on both Android and iOS smart devices, Eesti Energia’s app presents customers with a number of ways to save on their energy bill, switch power plans, contact customer service, and check their consumption by the hour, day, or month, amongst others. All Eesti Energia customers have been provided with smart meters that allow for remote reading. With the app upgrade shortly being introduced B2B customers can also monitor their consumption.

The app detects unusual electricity usage patterns which can be caused by faulty wiring or defective appliances and immediately alerts the customer. The app also continuously monitors the energy market and notifies users of tomorrow’s expected electricity prices and the best hours to plug in heavy duty domestic appliances.

Eesti Energia is the country’s main power generator and distributor. The company is also the world’s largest shale oil producer. With operations in Latvia, Lithuania, Finland, Jordan, and the United States.

The CFI.co judging panel commends Eesti Energia for pushing the IT envelope and offering customers unparalleled ease of access to its services. The judges are pleased to offer Eesti Energia the 2017 Best Energy-Saving App Baltics Award.


Caixa Económica Montepio Geral: Best Heritage Retail Bank Portugal 2017

Displaying both resilience and determination, Caixa Económica Montepio Geral – one of Portugal’s oldest banks – has survived and indeed prospered throughout the ages thanks to its ability to quickly adapt and meet shifting market conditions with aplomb and a keen eye for opportunity.

Founded in 1840 and headquartered in Lisbon, Caixa Económica Montepio Geral traces its corporate origins to a mutual savings entity. Today, Caixa Económica Montepio Geral stands at the apex of a business group that also includes insurance, fund and asset management, and property management companies.

In January, Caixa Económica Montepio Geral’s management revealed a much higher than expected capital ratio, beating market expectations with the bank’s Tier 1 ratio significantly exceeding the tighter requirements that only come into force later this year. The achievement allowsCaixa Económica Montepio Geral to consolidate and expand its activities. The bank continues to play a major role, as it has done for many decades, in the development of Portugal’s business environment, placing particular emphasis on supporting young entrepreneurs and start-ups.

Deeply rooted in the country’s corporate establishment, Caixa Económica Montepio Geral is able to close the generational divide between young and established entrepreneurs, coupling ambition and drive with experience and knowledge for superior results that help underpin the country’s economy.

The CFI.co judging panel congratulates Caixa Económica Montepio Geral on its hands-on approach to business development. The judges agree that the bank is peerless when it comes to navigating the buoyant Portuguese economy. The judges declare Caixa Económica Montepio Geral winner of the 2017 Best Heritage Bank Portugal Award.


Carnival Corporation: Best Cruise Experience Global 2017

The world’s largest travel and leisure company – home to instantly recognisable brands such as Cunard Line, P&O Cruises, and Holland America Line amongst others – Carnival Corporation last year welcomed over twelve million guests to its more than one hundred ships. The company, listed on both the New York and London stock exchanges, owes its considerable corporate success to pushing the boundaries of technology, offering travellers an unequalled highly-personalised experience.

Earlier this year, Carnival upped the ante with the introduction of Ocean Medallion – a tiny high-tech wearable first starred on the Regal Princess, the company’s 144,000 tonne quarter-mile-long flagship. The kit interacts with over 7,000 shipboard sensors speckled around the vessel’s eighteen decks. Using AI, the Ocean Medallion anticipates needs and suggests treats. For example, it will switch on the stateroom’s lights and air conditioning as soon as its occupant approaches.

The device opens doors and allows guests to easily and seamlessly navigate the countless features and marvels of their chosen vessel. Ocean Medallion technology was designed to complement and never become intrusive.

With its ten cruise brands, Carnival ships literally ply the seven seas, visiting well over 700 ports. In many regions, the company and its guests represent a significant slice of the local GDP. Moreover, the company has invested significant resources in the reduction of its carbon footprint and has embraced corporate sustainability principles.

The CFI.co judging panel is pleased to offer Carnival Corporation the 2017 Best cruise Experience Global Award.


Minerva Foods: Best ESG Processing Plant Investment Partners Latin America 2017

One of Brazil’s leading meatpackers, Minerva Foods is an early adapter of corporate sustainability principles and leveraged their power to drive the company’s expansion. Minerva Foods currently operates 26 processing plants in Brazil (11), Paraguay (6), Argentina (5), Uruguay (3), and Colombia (1). The Brazilian company also maintains a continent-wide network of shipping and distribution centres from where its meat is sent to more than one hundred countries across the world.

Minerva Foods pursues excellence. Inserting ESG (environmental, social, and governance) standards into its corporate DNA, has enabled Minerva Foods to significantly increase operational efficiency whilst lowering costs and risk. It also allowed the company to secure advantageous deals and partnerships with multilateral financial institutions, receiving a valuable stamp of approval in the process, as an example of International Finance Corporation equity investment. By establishing strategic partnerships with non-bank financial entities, Minerva Foods has been able to source the funds that drive its growth.

Through a series of strategic acquisitions and the opportune timing of new ventures, Minerva Foods managed to expand operations and increase revenues regardless of domestic and regional market conditions.

Founded in 1992, Minerva Foods has gained global recognition for the consistently high quality of its products.

The CFI.co judging panel notes that Minerva Foods continues to dedicate significant resources to field and market research. These efforts pay off in superior products – and increased market share. The judges are pleased to declare Minerva Foods winner of the 2017 Best ESG Processing Plant Investment Partners Latin America Award.


Dubai Electricity and Water Authority (DEWA): Outstanding Contribution to Sustainable Utilities Delivery Global 2017

At the core of any corporate sustainability strategy sits a solid risk mitigation framework. At the Dubai Electricity and Water Authority (DEWA) that framework – compliant with the strict ISO31000 standard – was developed inhouse to facilitate and accelerate the utility’s decision-making processes and allow for a clear and multidimensional overview of risk in real-time. DEWA supplies water and electricity to more than 800,000 residents of the Emirate, based on the highest levels of availability, reliability, and quality. DEWA adopts best international practices, and the latest integrated management systems in the field of enterprise risk management because they are closely related to DEWA’s strategic planning. In addition, DEWA takes precautionary measures to avoid all forms of risk.

DEWA is recognised globally as an industry leader for its innovative, and in many instances ground-breaking approach to the provision world-class levels of both electricity and water services. The company has raised the bar for the entire utilities sector by cutting wastage and spillage, carefully managing the distribution of resources while providing a vastly superior service to clients, characterised by simplified procedures, short response times, and the excellence of its front office.

DEWA was able to revolutionise the utility business by adopting a corporate strategy that engages all stakeholders. By pursuing full transparency and maintaining open and short lines of communication, the company encourages its staff to come up with innovative solutions that increase operational efficiencies. DEWA also reaches out to the communities and economic sectors in order to gauge both market demand and sentiment.

The CFI.co judging panel recognises – and applauds – the company’s relentless pursuit of excellence across all aspects of the utility business. The judges agree that DEWA has reinvented the utilities business and now stands at its apex. As such, DEWA is declared winner of the 2017 Outstanding Contribution to Sustainable Utilities Delivery Global Award.


Audi: Most Promising Electric Vehicle Manufacturer Global 2017

Audi is going electric – and doing so in style. The German car manufacturer is a latecomer to the scene but for a reason: it refuses to build and sell a vehicle that is powered more by wishful thinking than robust engineering. Also, Audi declines to compromise on quality, durability, and performance. Recognising that the electric vehicle industry is still in its infancy and struggling with a number of growing pains, the company has preferred to concentrate its efforts on research and development, allowing its gifted engineers ample time to produce a car that meets and exceeds Audi’s high standards.

The extended lead time is set to pay off in 2020 when Audi will release its first lineup of electric-powered vehicles. True to style, the rollout will be evolutionary rather than revolutionary in nature with 48-volt hybrids leading the charge. A series of E-Tron cars, with a fully electric powertrain is set to follow two years later, including a sports car developed jointly with Porsche. The E-Tron GT is to be based on Porsche’s Mission E design – a four-door sports sedan packing a serious punch with over 600 horsepower and a range of over 500km.

With car manufacturers scrambling to claim a share of an expanding market, electric vehicles are being sold that simply lack the technology to impress. Acceleration may be top notch, but range, drive, and convenience are often found lacking. Thus, it is both refreshing and encouraging to find a manufacturer not eager to hop on the bandwagon but willing to help the technology mature first and build an electric car second.

The CFI.co judging panels finds this slightly contrarian approach commendable for drivers who know that once Audi puts out an electric car, it will be the one to buy. The judges are pleased to offer Audi the 2017 Most Promising Electric Vehicle Manufacturer Global Award.


Heathrow Airport Holdings: Best Aviation Hub Governance Global 2017

A people business first and foremost, Heathrow Airport Holdings keeps more than 75 million travellers on the move annually through Europe’s largest aviation hub. The airport, a favourite of the public since before the dawn of the jet age, has managed to maintain its leading position by focusing on the continuous improvement of passenger experience.

Over the past few years, Heathrow Airport Holdings has invested well over $13bn in the facility. Amongst others, restaurant and shopping concourses were expanded and luggage handling systems upgraded. The airport’s new Terminal 2, opened in 2014 and replacing the original one of 1955, welcomed Star Alliance operators and other carriers, and the airport is now set for further expansion to accommodate the expected increase in the number of travellers as the facility prepares for a third runway.

The airport’s connectivity is also set to improve significantly when the Elizabeth Line – the central portion of the Crossrail Project – becomes operational late next year, directly linking Heathrow and Canary Wharf for the first time with journeys of less than 40 minutes.

As a people-focussed company, Heathrow understands that in order to keep its mega-hub position in Europe, attention to detail is crucial. The airport is determined to be the best in a highly competitive business. The company invests considerable resources in its around 6,500-strong staff, offering numerous skills development opportunities and clear career paths.

The CFI.co judging panel is pleased to declare Heathrow Airport Holdings winner of the 2017 Best Aviation Hub Governance Global Award.


WestInvest Gesellschaft für Investmentfonds: Best Real Estate Fund Manager Germany 2017

Private and institutional investors looking to tap into Europe’s buoyant property market are increasingly turning to Germany’s WestInvest for solutions that offer both solid returns and moderate risk. Founded in 1989 and part of the Deka Group since 2004, WestInvest maintains a number of funds shaped to meet the requirements of different investor classes. A number of specialty real estate funds serve the needs of institutional investors who look for solid and consistent long-term returns.

WestInvest is known for its pursuit of high quality commercial property that produces a stable and predictable cashflow. The firm is part of the Deka Group’s real estate business division (and is, hence, doing business as “Deka Immobilien”) which in turn is well on track to meet its stated objective of becoming one of Europe’s Top-5 real estate fund managers. The business division is also a pioneer in the implementation of comprehensive and rigorous risk mitigation strategies and strict and transparent corporate governance policies that aim to bolster investor confidence and ensure client funds are invested according to well-established protocols and parameters.

Over the past few years, both WestInvest and the overall real estate business division have registered significant growth attesting to the firm’s success in the allocation of its clients’ resources. In February, WestInvest and and its sister company Deka Immobilien Investment forked out £435m for the London headquarters of Facebook on Rathbone Square. The firm is also eying other opportunities in London.

The CFI.co judging panel is pleased to note that WestInvest has successfully increased its exposure to the upside of the European real estate market. The judges declare WestInvest winner of the 2017 Best Real Estate Fund Manager Germany Award.


Banco Angolano de Investimentos: Best Social Impact Bank Angola 2017

Sowing remarkable resilience in the face of an economic downturn caused by the collapse of oil prices, Banco Angolano de Investimentos (BAI) has steadily managed to generate solid financial results, growing both its net income and profitability. Set up in 1996 as the first privately-owned bank of the country, BAI has become one of Angola’s largest financial services providers with a network of 144 branch offices and 11 business centres covering the entire country.

Though almost three-quarters of the bank’s dealings originate from the business sector, BAI includes a fast-growing retail banking pillar erected on the basis of a full-service approach that includes multiple insurance products. Transformed into a group two years ago, BAI also comprises a separate insurance business, a micro-finance bank, and a wholly-owned subsidiary in Cape Verde. BAI also retains a share in the International Bank of São Tomé e Príncipe and Angola’s Private Investment Fund (FIPA).

BAI developed a number of corporate social responsibility initiatives to promote financial inclusion, improve education and healthcare, and lessen poverty. The bank’s micro-finance operations has received wide recognition for its success in helping budding entrepreneurs set up and consolidate their businesses.

BAI receives assistance from the International Monetary Fund (IMF) to ensure continued compliance and facilitate the implementation of its 2016-2021 Strategic Plan which envisions the bank as Angola’s best financial services provider across all business segments.

The CFI.co judging panel commends BAI on its hands-on attitude and determination to grow and prosper through excellence. The judges are therefore pleased to offer Banco Angolano de Investimentos the 2017 Best Social Impact Bank Award.


Banco FINCA: Best Social Impact Bank Ecuador 2017

Set up in 1993 as the Ecuadorian affiliate of a global network of microfinance institutions, Banco FINCA grew out of a foundation that supports social enterprises and other initiatives aimed at empowering disadvantaged people, allowing them to take charge of their own future. A fully-licensed bank since 2008, Banco FINCA offers its clients a full suite of services, including savings accounts, insurance products, money transfers and, of course, microcredits.

From its headquarters in Quito, Banco FINCA operates a network of twelve branches and representative agencies. The bank’s nationwide presence ensures close proximity to its target demographic. Banco FINCA believes in the transformative power of small business and actively supports budding entrepreneurs who seek to set up shop. Thanks to the bank’s microcredits, thousands of people have been able to open small factories, shops, and social enterprises, significantly improving their livelihoods in the process.

Banco FINCA helps its clients successfully navigate the local bureaucracy and offers workshops on business administration. The bank acknowledges the importance of entrepreneurial skill development as an essential component of its social impact. Banco FINCA also puts in considerable effort to discover and plot the needs of its clients in order to offer products and services that are relevant and dovetail with demand.

The CFI.co judging panel recognises the importance of encouraging and supporting small and micro enterprises for they are the engines of sustainable growth. The judges unanimously agree to offer Banco FINCA the 2017 Best Social Impact Bank Ecuador Award.


MEFIC Capital: Best Private Equity Fund Manager Saudi Arabia 2017

A full service financial services company in the Kingdom of Saudi Arabia, MEFIC Capital is active in all segments of the investment banking and consultancy sector. The company helps both individual investors and corporates attain their financial objectives via a holistic approach grounded in experience and expertise. MEFIC Capital is owned by Ahli United Bank of Bahrain, The Arab Investment Company (TAIC), and a number of ultra-high-net-worth individuals. The firm was set up and licensed in 2007 and has since received ample recognition for its pioneering role in the further development of the buoyant KSA securities markets.

MEFIC Capital maintains four distinct, yet closely integrated, business lines: asset management, wealth management, corporate finance and advisory, and custody services. Its brokerage is one of the most efficient in the kingdom and offers a number of structured products that enable optimised returns whilst minimising exposure to risk.

Thanks to its thorough understanding of local and regional market conditions, and its affiliation with one of the region’s top banks, MEFIC Capital’s investment banking arm is considered without equal when it comes to debt and equity placements, mergers and acquisitions, and initial public offerings (IPOs).

The CFI.co judging panel notes that MEFIC Capital also maintains a comprehensive corporate responsibility programme focused on skill development and the creation of job opportunities for young professionals. The judges are pleased to offer MEFIC Capital the 2017 Best Private Equity Fund Manager Saudi Arabia Award.


AAN Digital Services Holding Company KSC Kuwait: Best Converged Communications Leadership GCC 2017

Seizing telecom investment opportunities across the Middle East and Africa, Kuwait’s AAN Digital Services Holding Company has managed to build up a sizeable and extremely well-rounded portfolio of assets in markets with plenty of upside – those in which mobile phone penetration is still relatively low – and poised for exponential growth. In more mature telecom markets, the company has looked for – and found – niche sectors from where to stage and drive expansion.

The holding company has stakes across the entire mobile value chain. However, it maintains particularly strong positions in mobile network and virtual mobile network operations. AAN Digital Services Holding Company has also displayed an uncanny ability to identify, and snap up, promising start-ups. Its seed capital provides opportunities for accelerated growth via tried-and-proven strategies, enhancing shareholder value in the process.

The Kuwaiti company expends considerable effort in leveraging local expertise to drive growth. The company also invests heavily in the development of local managerial and operational skills. Thus, AAN Digital Services Holding Company has gained wide recognition as a valuable partner in the development of a robust telecom infrastructure that boosts mobile penetration, ups APRU (average revenue per user), and thus helps establish an environment conducive to growth.

The CFI.co judging panel commends the company on impressive track record and ability to deliver solid returns – dividends, management fees, and capital gains – whilst minimising material risk. The judges are pleased to declare AAN Digital Services Holding Company winner of the 2017 Best Converged Communications Leadership GCC Award.


Cyprus Cooperative Bank: Best Social Impact Bank Cyprus 2017

A prime mover in the country’s financial system, and indeed one of its mainstays, Cyprus Cooperative Bank (CCB) stands on the cusp of a major expansion drive that will see the bank debut on the stock exchange as it raises fresh capital to underwrite growth and the further development of its business. A number of prestigious global investment banks in Paris, Frankfurt, and London have already expressed an interest in helping CCB structure its highly-anticipated IPO.

Cyprus Cooperative Bank was set up in 1937 as a central bank to the country’s cooperative credit societies. As such, CCB was instrumental in driving national development, meeting the short-term borrowing needs of the farming community via the associated credit coops. Now a full-service bank, and Cyprus’ largest financial services provider, CCB remains true to its heritage by engaging with all sectors of society in order to gauge demand and identify opportunity.

CCB is a major player in the International Co-operative Alliance (ICA) which brings together and represents coop movements from around the globe. Founded in 1895, ICA is today the largest non-governmental organisation in the world. Through its international contacts Cyprus Cooperative Bank sources innovative solutions and expertise that enables the bank to continuously update and upgrade its products and services, ensuring client satisfaction and maximising the social impact of the bank’s operations.

The CFI.co judging panel values CCB’s continued dedication to excellence in both operations and governance. For a second consecutive year, the judges wish to recognise the bank’s progress. The judging panel declares Cyprus Cooperative Bank winner of the 2017 Best Social Impact Bank Cyprus Award.


Banca Agricola Commerciale: Best Bank Governance San Marino 2017

Recently repositioned as an international financial services provider, San Marino’s Banca Agricola Commerciale (BAC) now allows individual and corporate clients from outside the mountaintop republic to benefit from the expertise accumulated during almost a century of banking. Founded in 1920, Banca Agricola Commerciale has long been recognised as San Marino’s bank of reference for its adherence to standards of governance that far exceed those considered part of global best practices.

In both its day-to-day operations and long-term performance, BAC inspires an unusually high level of trust. As a result, the bank boasts a client retention rate that has repeatedly raised industry-wide benchmarks. BAC maintains a comprehensive array of products and services for both retail and corporate customers. The bank enjoys a reputation for closely engaging with its clients in order to gauge – and promptly meet – their needs as well as any future requirements.

With a tightly integrated branch network, BAC keeps in close proximity to its clients. The bank’s up-to-date technological backbone and its operational efficiency ensures that international BAC clients may now enjoy the same excellence in the delivery of financial services. The bank squarely aims to build long-term relationships with its clients based on trust, simplicity, and transparency.

The CFI.co judging panel commends Banco Agricola Commerciale for its consistency. For BAC, good corporate governance is not a pursuit of a passing nature. Instead, good governance forms part of its corporate DNA. The judges are pleased to offer Banca Agricola Commerciale the 2017 Best Bank Governance San Marino Award.


FxPro Financial Services: Best FX Execution Global 2017

Staying on top of its game, FxPro Financial Services continues to serve its clients with a trading platform that ensures the fast and faultless execution of orders, enabling investors worldwide to gain from minute changes in market conditions. The firm, founded in 2006, has welcomed 100,000s traders from over 150 countries.Staying on top of its game, FxPro Financial Services continues to serve its clients with a trading platform that ensures the fast and faultless execution of orders, enabling investors worldwide to gain from minute changes in market conditions. The firm, founded in 2006, has welcomed 100,000s traders from over 150 countries.

FxPro’s success is owed to its ability to stay ahead of technological developments, offering investors access to the latest trading tools and platform configurations that cater to the needs of all classes of traders from novice to expert. The firm also serves the needs of large institutional investors looking for ways to grow their assets in a near zero interest universe.

FxPro maintains offices in both the United Kingdom and Cyprus. Recognised for its transparency and commitment to operational excellence, FxPro has invested heavily in a solid and secure IT backbone that couples speed to dependability and thus ensures a level playing field for all investors, irrespective of their portfolio’s size. FxPro also adheres to a comprehensive code of ethics that guides day-to-day operations and offers traders the certainty that their broker of choice remains at their side, available to offer guidance and assistance as required.

The CFI.co judging panel has followed developments at FxPro for a number of years and commends the firm on its peerless executorial prowess and continued dedication to operational excellence. The judges declare FxPro Financial Services winner of the 2017 Best FX Execution Global Award.


Europcar Group: Best Auto-Mobility Services Operator Europe 2017

Joining to the United Nations Global Compact in 2005, Europcar Group has gained wide recognition for its adherence to sustainable business principles. The group fully complies with the communication and monitoring requirements laid down by the Global Compact.

Europcar Group has implemented a comprehensive ecological approach through a global CSR programme based on four strong commitments: promoting mobility for all, being a responsible employer, fighting against climate change, and create shared value.

Conscious of its environmental footprint, the group wishes to be an actor in the environmental preservation and the fight against climate change with a focus on environmental management and air emissions. To this end, a low carbon strategy has been defined in collaboration with Carbone 4, a French consultancy. Three main implementation areas have been defined: reduce the GHG emissions, develop new and more efficient mobility offerings, and promote innovation and share best environmental practices.

Europcar Group, founded and headquartered in France, maintains a global footprint with operations in over 130 countries and territories. In 2014, the company acquired start-up Ubeeqo to gain a presence in the corporate car-sharing market.

The CFI.co judges note that Europcar has made considerable progress in reducing the environmental impact of its operations. Franchisees are expected to follow its example. Solid monitoring processes have been put in place to ensure compliance. Additionally, corporate environmental standards are regularly updated. The judges are pleased to offer Europcar the 2017 Best Auto-Mobility Services Operator Europe Award.


GE Capital Aviation Services (GECAS): Best Aviation Leasing Solutions North America 2017

GECAS, part of GE Capital, with offices in 25 cities around the world, boasts an outstanding team of aviation industry professionals ready to support the needs of some 270 airline clients based in 75 countries. The GECAS fleet comprises around two thousand aircraft and the company has 45 years of industry experience. This is without doubt the most prestigious commercial airline and helicopter leasing company in the world and has been granted this CFI.co award for the second consecutive year.

The company has close relationships with manufacturers such as Boeing and Airbus and client airlines include such names as Air Canada, Virgin and Air China. Fleet size and a comprehensive range of finance and consultancy services allows GE to help optimise client cash flow and deliver the most flexible aircraft management solutions. It should also be pointed out that the GECAS consultancy division AviaSolutions provides most effective advisory services to address client requirements.

GECAS is a pioneer in the development of purchase leaseback arrangements that can help clients to significantly improve their operational flexibility. Leases are individually tailored thus helping to preserve their clients’ working capital.

The CFI.co judging panel have been impressed by the vast array of solutions available at GECAS in respect of the aircraft on offer and the team itself. Without hesitation, CFI.co confirms the award to GE Capital Aviation Services (GECAS) of Best Aviation Leasing Solutions North America 2017.


Raiffeisen Centrobank: Best Structured Products Bank CEE 2017

Austria’s leading investment bank is pushing into the buoyant markets of Central and Eastern Europe, deploying its expertise to offer clients a full, yet decluttered and integrated, range of premier products and services that add real value in the form of innovation and convenience.

Raiffeisen Centrobank, in business since 1973, introduced its first structured products in CEE about a decade ago and has pioneered a simple yet effective approach to marketing centred on full transparency, solid technology, and robust security. The bank’s different investment options and instruments are explained in great detail in order that retail clients at all times understand what it is they are buying.

Raiffeisen Centrobank has established close relationships with seven international exchanges to offer clients seamless access to the world’s major markets. The bank offers a large number of certificates that allow investors to easily tap into exceptional investment opportunities. The majority of RCB’s structured products offers clear-cut built-in guaranties that shield investors from downsides in the form of partial capital protection. Via these products investors may participate in specific sectors not normally open to retail clients.

The CFI.co judging panel notes that Raiffeisen Centrobank has gained wide recognition for its excellences in delivering servicing and addressing queries from clients. The bank also maintains a well-respected research department staffed by experienced analysists who regularly publish updates of their findings. The judges are pleased to offer Raiffeisen Centrobank the 2017 Best Structured Products Bank Central and Eastern Europe Award.


DP World: Best Long-Term Community Engagement Strategy Global 2017

Registering double-digit growth global trade enabler DP World saw its container traffic jump 10.7% in Q2 with market share gains in both Europe and the Americas.

A solid set of first half results for 2017 with attributable earnings of $606 million, and like-for-like earnings growth of 15.8% came on the back of a pick-up in global trade combined with the ramp up in recent investments in Turkey, the UK, the Netherlands and India delivering ahead-of-market volume growth.

The Dubai-based multi-national operates close to eighty marine and inland terminals across forty countries in six continents.

The company recently added the Port of Berbera in Somaliland to its portfolio. DP World is set to invest $422m in a complete overhaul of the port with a view to creating a regional trade hub.

The result of a 2005 merger between Dubai Ports Authority and Dubai Ports International, DP World has established a formidable reputation for operational excellence. A significant part of its success is down to embracing sustainability principles which safeguard the interests of all stakeholders including those of surrounding communities.

With over 36,000 employees, DP World understands that corporate policies directly affect entire communities and can help improve lives. The company is committed to minimising its impact on the environment through the pursuit of efficiencies in the management of natural resources and emissions.

The company maintains a people-first policy that promotes personal development and creates a safe working environment. Innovative in its approach to sustainability, it aims to grow alongside the communities it operates, adding value to economies.

The CFI.co judging panel applauds DP World for its hands-on approach to sustainability. The company proves that caring for the future equals caring for the bottom line and helps the business to develop operations in diverse markets the judges are pleased to name DP World winner of the 2017 Best Long-Term Community Engagement Strategy Global Award.


Deutsche Bank: Best Bank Treasury Management Team Europe 2017

Buoyed by strong support from institutional investors, Deutsche Bank is now ready to strengthen its investment bank and bolster its retail business in Germany. Deutsche Bank also aims to expand its presence in North America.

One of the largest foreign exchange dealers in the world with a market share estimated to hover around 20%, Deutsche Bank is a globe-spanning financial services provider with a footprint covering more than seventy countries. As such, the Treasury Department of Deutsche Bank faces a number of significant challenges for building capital and ensuring liquidity across a bewildering array of currencies. Add to that the need to comply with legislation in multiple jurisdictions, and the magnitude of the task may be appreciated.

Yet, Deutsche Bank has deftly managed to leverage its expertise in treasury operations to fortify its position in the wake of the financial crisis which hit the bank particularly hard. Deutsche Bank was able to reclaim the strong capital position which underpinned its reputation for well over a century. The bank has also recognised that prioritising its domestic position – pursuing synergies with Deutsche Postbank it acquired in 2010 – is an essential first step towards international expansion since such an approach solidifies Deutsche Bank’s foundations.

The CFI.co judging panel commends Deutsche Bank on its resilience and determination to extract the most from its technical expertise in treasury management. The judges are pleased to offer Deutsche Bank the 2017 Best Bank Treasury Management Team Europe Award.


ICBC Dubai (DIFC) Branch: Best International Bank Bond Issuer EMEA 2017

An exceptionally well-diversified range of products and services has helped Industrial and Commercial Bank of China (ICBC) maintain its competitive edge in the, sometimes choppy, markets of the Middle East, gaining resilience and adding to its already considerable weight. The bank’s presence in the region stretches back to 2008. In fact, ICBC was the first of the large Chinese banks to recognize the growing importance of the Middle East as a global hub for trade and financial services.

The largest of China’s Big Four banks, and indeed the largest bank in the world by total assets (approx. $3.6tn), ICBC has become a major player in the Middle East as the region’s business ties with China strengthened. Milestones include the 2015 issue of a $500m bond, listed and traded on Nasdaq Dubai. Thus, ICBC became the first Chinese bank to successfully launch a dollar-denominated bond in the Middle East. The bank has issued a number of similar bonds since.

Across four distinct business lines – corporate, treasury, trade and FI – ICBC Dubai (DIFC) Branch offers its clients direct and seamless access to the world’s principal market, backed up by the bank’s vast global network and its unequalled expertise in providing a full suite of premier financial services.

The CFI.co judging panel notes that ICBC Dubai (DIFC) Branch has embarked on a strong growth path whilst maintaining its privileged position within the bank’s structure as one of its most profitable units. The judges are delighted to offer ICBC Dubai (DIFC) Branch the 2017 Best International Bank Bond Issuer Award.


Barclays Africa Group: Best SME Partner Bank Africa 2017

Africa is on the move and the pushing is being done by SMEs – small and medium-sized enterprises. Small businesses account for more than a third of the continent’s economic output and are its main source of jobs. Africa is home to millions of budding entrepreneurs eager to tap into local and even global markets. Their ambition is often as great as their business savvy. The bottleneck that often stops Africa’s up-and-coming businesses from seizing opportunity is access to financing – both for working capital and expansion drives – and business knowledge.

Barclays Africa Group, present in twelve countries and listed on the Johannesburg Stock Exchange, was one of the first to identify – and meet – the needs of Africa’s SMEs. The bank reached out to entrepreneurs with a fully-featured business portal that helps users gain access to skills development and mentorship programmes, amongst others.

The highly-valued portal enables businesspeople to find public and private procurement contracts and prepare their bids. The bank encourages its larger corporate clients to list their needs and requirements on the portal and thus connect with SMEs.

The bank also actively supports fin-tech innovation through RISE, a community of entrepreneurial movers and shakers that brings together start-ups and established businesses to form a fertile pool that breeds innovation.

The CFI.co judging panel is particularly impressed with the bank’s continued efforts to help SMEs source opportunities. By doing so, Barclays Africa Group helps an already dynamic sector grow and prosper. The judges are aware that they have recognised the bank’s SME-friendly policies twice before and appreciate the consistency displayed by the group. The judges’ have no hesitation in recommending Barclays Africa Group for a third win and therefore offer the bank their 2017 Best SME Partner Bank Africa Award.


Rothschild & Cie Gestion: Best Institutional Asset Manager Europe 2017

Rothschild & Cie Gestion continues to build on its existing success. Masters of not changing for changes sake Rothschild & Cie Gestion continues to build upon its foundations through measured continual improvement.Rothschild & Cie Gestion continues to build on its existing success. Masters of not changing for changes sake Rothschild & Cie Gestion continues to build upon its foundations through measured continual improvement.

Finely attuned to the demands of ever-changing times, Rothschild & Cie Gestion already in 2011 signed on to the United Nations-supported Principles of Responsible Investment (UNPRI) – a codified set of six guidelines that help investors incorporate environmental, social, and governance (ESG) concerns – and other non-financial parameters – into their decision-making processes.

Serving institutional investors, fund distributors, and financial intermediaries around the world with asset management services and advice from offices in Paris, London, Zurich, and New York, Rothschild & Cie Gestion is widely recognised – and praised – for its conviction-based approach to the preservation and growth of capital. Thus, value is created through the strategic allocation of assets.

The firm is particularly well-equipped to consistently extract above-market returns from stocks that perform well regardless of market sentiment while maintaining an optimised risk profile. Rothschild & Cie Gestion concentrates its efforts primarily on European equities – a segment that allows the firm to leverage its considerable expertise to maximise benefits for investors.

Rothschild & Cie Gestion also offers an exceptionally comprehensive universe of open architecture investment solutions that cross asset classes and are tailored to meet the exact requirements of clients. Based in London, the firm’s Risk Based Investment Solutions Ltd provides investors an innovative way to maximise risk diversification and avoid excessive turnover and portfolio concentration.

The CFI.co judging panel agrees that Rothschild & Cie Gestion has found a way to stay true to its heritage while remaining at the leading edge of innovation in asset management – effectively combining the best of both worlds to produce a palette of investment solutions that unswervingly delivers optimised results. Following their success in 2016 the judges declare Rothschild & Cie Gestion the winner of the 2017 Best Institutional Asset Manager Europe Award.

CFI.co Meets the CEO of Rothschild & Cie Gestion: Jean-Louis Laurens


GCC Board Directors Institute: Outstanding Contribution to Corporate Governance GCC 2017

[caption id="attachment_5558" align="aligncenter" width="800"] Jo-Shancy Bermudez (GCC BDI), Mehwish Sarwar (GCC BDI), Vaoa Kerr (GCC BDI) and Tor Svensson (CFI.co)[/caption]

Since 2007, the GCC Board Director’s Institute (GCC BDI) – a non-profit entity – has helped further improve corporate governance standards throughout the Middle East. The organisation was set up by the region’s largest corporations and receives support from the world’s leading business consultancy firms. Now with almost a thousand members, the GCC Board Directors Institute represents the region’s largest network of business executives and hosts a number of events such as its flagship annual Chairman Summit. The organisation also offers a series of workshops that allow leading CEOs to hone their skills and evaluate progress.

The only Middle Eastern directors institute admitted to the Global Network of Director Institutes, GCC BDI is recognised for its dedication to the promotion of the highest standards in corporate governance. The institute works closely with regional regulatory entities to produce guidelines for board members and facilitate the flow of information between parties. GCC BDI has successfully adapted a vast array of global best practices to local circumstance and actively supports initiatives that aim to enhance board members’ capabilities – believing, as it does, that enduring success in business can only be sustained through excellence in corporate governance.

The CFI.co judging panel notes that GCC BDI also encourages diversity on director boards and emphasises the importance of engaging with external evaluators to gauge effectiveness. The judges declare GCC Board Directors Institute winner of the 2017 Outstanding Contribution to Corporate Governance GCC Award.


Department of Finance, Government of Dubai: Smart Fiscal Planning – Most Innovative Strategic Governance Programme EMEA 2017

Dubai state departments and entities are pushing the envelope on governance, raising the bar across the board and providing excellence – and speed – in the delivery of services. Their unrelenting dedication to sound governance ensures, amongst others, top fiscal efficiency. The Department of Finance (DoF) of the government of Dubai offers a prime example of how to responsibly manage public resources. The department has put in place a comprehensive policy framework – Smart Fiscal Planning (SFP) – that allows for performance-based budgeting and automates the government’s planning and fund allocation processes.

The innovative approach implemented by DoF significantly improves operational efficiencies across the entire state apparatus by assuring baseline funding requirements. SPF takes into account the interests of all stakeholders and produces a wealth of hard data that, in turn, support decision making. Introduced at the start of 2014, the phased rollout of the SPF programme is now well underway with full implementation expected in early 2020.

SPF represents a holistic approach to public finances unlike any other in the world. The programme seeks to eliminate spending bottlenecks whilst improving transparency, accountability, and – crucially – financial and strategic planning. Thus, SPF fine tunes and perfects the budgeting process, ensuring fiscal sustainability.

The CFI.co judging panel is, quite simply, impressed. The judges expressed a collective wish for others to adopt a similar smart programme in order to improve fiscal rectitude. The panel commends the government of Dubai on its foresight and declares the Department of Finance winner of the 2017 Smart Fiscal Planning – Most Innovative Strategic Governance Programme EMEA Award.


Banco Económico: Best Bank Governance Angola 2017

The future is made today. To Banco Económico that means laying a solid foundation, grounded in common sense and shaped by ethics, that can support and sustain long-term growth. Founded in 2014 but built on a corporate legacy stretching back to the 1800s, Angola’s Banco Económico possesses an institutional skillset matched by few.

The bank’s operational wherewithal is backed up by an exceptionally strong corporate governance framework that includes carefully matched checks and balances – put in place to ensure both optimum performance and full compliance with domestic and international regulations. By weaving a network of interlocking committees, Banco Económico manages to maintain streamlined internal and external procedures that, in turn, enable the bank to respond swiftly and decisively to changing circumstance – an absolute must in Angola’s transitioning economy.

By adhering to international best practices and maintaining a world-class corporate governance structure, Banco Económico has become a valued partner to global businesses operating in the country. The bank enjoys a nationwide reputation for excellence in customer service and operational efficiency, not least because of its sustained investment in technology.

Internally, Banco Económico keeps an open culture that prioritises collaboration and encourages innovation. The CFI.co judging panel agrees that the most resilient and profitable banks, paradoxically, often resemble glass houses: structural strength is derived from transparency. The judges congratulate Banco Económico with its achievements and declare the bank winner of the 2017 Best Bank Governance Angola Award.


Arca Fondi SGR: Best Emerging Markets Debt Manager Europe 2017

[caption id="attachment_5782" align="aligncenter" width="821"] Giovanni Radicella, Head of Fixed Income accepting an award from CFI.co[/caption]

Italy’s leading independent asset manager, Arca Fondi SGR bundles the strength, experience, and executorial prowess of a number of regional and local banks. With around €32bn in assets under management, mostly in mutual funds, Arca Fondi SGR maintains one of the largest distribution networks in the country. The firm offers its products via more than 120 regulated financial services providers that jointly operate well over 8,000 branch offices.

Arca Fondi SGR customers enjoy direct access to a team of seasoned financial advisors for investment solutions tailored to suit individual needs and designed to meet different risk profiles. The firm has gained wide recognition for its style-neutral investment portfolios which closely track benchmarks and employ a proprietary risk parity strategy – honed to perfection over many years.

Arca Fondi SGR born from the history and experience of Arca SGR SpA, was founded in October 1983 by 12 popular banks. Arca Fondi SGR caters to both individual and institutional investors. The firm is also regularly engaged by commercial banks aiming to tap into Arca Fondi SGR’s reservoirs of expertise. Arca Fondi SGR also pioneered a multi-strategy multi-manager approach that includes innovative strategies to buck overall market trends and thus improve the predictability of results.

The CFI.co judging panel notes that Arca Fondi SGR has displayed a knack for sourcing opportunity, particularly in emerging markets. The judges have tracked the firm’s performance for a number of years and are impressed by the results. The judging panel is pleased to offer Arca Fondi SGR the 2017 Best Emerging Markets Debt Manager Europe Award.


New World Development Company: Best Investor Relations Team Hong Kong 2017

A Hong Kong real estate powerhouse, New World Development Company (NWD) has kept a near-perfect synchronisation with its times and environment since its founding in 1970. The company first helped drive Hong Kong’s property boom and then turned its attention to the mainland as China opened up to both pragmatism and investors. NWD deftly and consistently managed to optimise its exposure to economic upswings, delivering a long string of large-scale projects that meet both current and future consumer demand.

NWD started investing in mainland China over a quarter of a century ago – long before other developers woke up to the possibilities. The company currently maintains a Chinese investment portfolio bordering $17bn. NWD also pioneered a sustainable business model that emphasises the need to engage all stakeholders and includes environmental concerns.

The company is lauded for its no-nonsense approach to raising investment funds with streamlined roadshows that present an uncluttered overview of new projects and undertakings, clearly spelling out both risks and rewards in a straightforward manner much appreciated by the investment community.

NWD’s ground-breaking profit-people-planet (3P) approach supplements the corporation’s relentless pursuit of excellence in design and execution – a quest that prioritises aesthetics and craftmanship. In fact, NWD gave rise to the Artisanal Movement in architecture which aims to create bespoke spaces that invoke passion, appeal to the senses, and spur the imagination – and do so without an overbearing presence. As such, the movement borrows from the past to shape the future and deliver subtle perfection from concept to detail.

The CFI.co judging panel congratulates NWD on its pursuit of corporate harmony. This company, a constituent of the Hong Kong Hang Seng Index, has sourced – and maintained – an exquisite operational balance which allows it – and its stakeholders – to grow and prosper steadily. The judges are pleased to declare New World Development Company winner of the 2017 Best Investor Relations Team Hong Kong Award.


Lembaga Tabung Haji (TH): Best Diversified Sharia-Compliant Services Leadership Asia Pacific 2017

For over half a century, Lembaga Tabung Haji (TH) has provided an avenue for Malaysian pilgrims to save gradually for hajj. Set up in 1963 as a statutory body under the purview of the Malaysian’s Government, TH has helped millions embark on their pilgrimage to the Holy Cities of Makkah and Madinah.

TH has more than 50 years of experience in hajj and Islamic fund management. Being the only hajj institution in the country with deposits exceeding RM70 billion, TH endeavour to strengthen the economy of the Malaysian Muslims by capitalising on its available funds and resources. With almost 9.5 million depositors served through a nationwide network of 125 branches and 6,000 touch points, TH is Malaysia’s premier Islamic financial institution and a catalyst to the financial strength of the country’s Muslim community.

TH maintains a well-diversified portfolio of Sharia-compliant investments both in its home market and overseas. As an early adopter of Islamic finance, TH foresaw the rise in demand for Sharia-compliant products and services, thus invested significant resources to reap positive returns in the said dynamic growth sector. TH also has sizeable stakes in Islamic banking, plantations, construction, real estate and property development, among others. In Australia and the United Kingdom, TH has benefited from the recent boom in construction and property development.

Being amongst the top employers in the country, TH hires more than two thousand employees and train more than three hundred interns, every year. As part of building sustainable businesses, TH places a significant emphasis on giving back to the society by executing various corporate social responsibility programmes, nationwide.

The CFI.co judging panel notes that TH continues to be a driver of innovation in its services to the Malaysian pilgrims and considered a role model for hajj management amongst the Muslim countries.

The judges are pleased to offer Lembaga Tabung Haji the 2017 Best Diversified Sharia-Compliant Services Leadership Asia Pacific Award.


Natal Joint Municipal Pension Funds: Most Innovative Pension Fund South Africa 2018

The Natal Joint Municipal Pension Funds (NJMPF) provide retirement benefits for municipal workers in South Africa’s KwaZulu-Natal Province. NJMPF encompasses two defined benefit funds and one defined contribution fund that allow members access to a range of products closely matched to life’s evolving circumstances. Founded in 1942 and with over SAR 18bn in assets under management, the NJMPF is recognised for its adherence to the highest standards of corporate governance and sound investment policies which have become industry benchmarks.

NJMPF was one of the first in South Africa to leverage the power of new technologies such as big data analysis and artificial intelligence to further improve service levels and communication with members, streamline procedures, and lower overheads. In particular, the fund maintains a number of initiatives to disseminate financial literacy and gain insights into the financial challenges faced by members.

Last year, NJMPF introduced a cross-platform app that enables members to quickly access their accounts and obtain an overview of the fund’s investments. The app also contains a micropædia of financial terms and affords NJMPF a direct channel of communication with its members. By furthering financial literacy and advocating for positive changes in financial behaviour, the fund helps set in motion a behavioural transformation that benefits the wider community.

With approximately 20,000 active contributors and around 10,000 pensioners in 55 municipalities, NJMPF takes much stock in gauging member satisfaction. The fund regularly conducts in-depth market studies in order to determine demand and has engaged an independent polling company to evaluate the reach of the new app and map its actual use.

The NJMPF has also been at the forefront of a nationwide drive to reduce the number and volume of unclaimed benefits. The fund has implemented a number of programmes and seconded its most experienced professionals to trace around 1,500 beneficiaries who are owed in excess of SAR 80m. The fund works in close collaboration with social services agencies to track claimants who have dropped off the radar, often due to tragic circumstance, and stand in dire need of help.

The CFI.co judging panel tips its collective hat to the NJMPF and its professionals who spare no effort to help members receive their benefits. The fund stands as a testament to the need for financial literacy, showing that small contributions add up to a secure future. For the third consecutive year, the judges wholeheartedly agree to recognise the achievements of NJMPF. The Natal Joint Municipal Pension Funds is declared winner of the 2018 Most Innovative Pension Fund South Africa Award.


Credivalores – Crediservicios: Best Social Impact Credit Providers Colombia 2017

Financial inclusion has been one of the more powerful engines of development available to policymakers and businesses alike. It has the ability to boost the formal economy to the detriment of the informal market and draws in people previously shunned by financial services providers.

In Colombia, home to one of South America’s best-performing economies, Credivalores – Crediservicios is helping people of modest means gain access to regulated and secure financial services. The company is one of the country’s largest non-banking financial institutions and has introduced tens of thousands of small entrepreneurs, sole traders, day labourers and others to credit cards.

The importance of this drive stretches well beyond offering customers a chance to flash plastic: holders of cards issued by Credivalores – Crediservicios are able to establish solid credit records which, in turn, unlock access to commercial banks. The company uses a differentiated business model, directing its efforts away from Colombia’s big cities to concentrate on hitherto underserved towns and villages.

Almost 70% of the applications Credivalores processes are from customers who seek to obtain their first-ever credit card. Most have never before been in contact with the formal financial system. Close to half of Credivalores’ cardholders pursue independent economic activities and do not receive regular payslips – the very reason these people are shunned by banks.

Tapping into a niche market ignored by its competitors – a market that is set to gain in importance as Colombia’s economy barrels ahead – Credivalores – Crediservicios proves that the pursuit of a high social impact makes perfect business sense. The company has now gained an edge over the competition that it will not soon let go of. The CFI.co judging panel congratulates Credivalores – Crediservicios on its vision and declares the company winner of the 2017 Best Social Impact Credit Providers Colombia Award.


Ladbrokes Coral Group: Best Corporate Governance Gaming Industry Europe 2018

Opening a decisive lead over its competitors in the highly dynamic gaming industry, Ladbrokes Coral Group has raised the stakes by leveraging the power of corporate governance to up efficiency throughout the organisation, streamline internal and external processes, and enhance overall transparency.

The company revisited its entire supply chain including Affiliates and human resources policies, demanding compliance with the same high ethical standards and implementing a zero-tolerance policy – colloquially known as one-strike-and-you’re-out. As a result, Ladbrokes let go of a large number of affiliates, suppliers, and other stakeholders who failed to meet the grade.

The massive undertaking has netted a slim, nimble, and widely-respected organisation that moves forward under a uniform set of corporate policies. Ladbrokes also increased its competitive prowess, outsmarting others in the gaming industry and consolidating the company’s long-held top position. Ladbrokes is recognised globally as a responsible corporate citizen and a dependable partner to regulators. The company actively strives to stay a few steps ahead of regulators by identifying early-on areas of possible concern. This way, Ladbrokes manages to avoid conflict and safeguard its hard-won reputation.

Whilst the entire gaming industry has belatedly awoken to the need to improve corporate governance models, Ladbrokes set the trend and built up a significant lead. Using its edge, the company pioneered an omnichannel delivery model that allows players to use a single account and its associated virtual wallet for all of Ladbrokes retail, online, and mobile verticals – greatly enhancing customer experience.

The CFI.co judging panel agrees that in today’s highly competitive and global business environment, excellence in governance is no longer a mere luxury but a necessity for sustained growth. Ladbrokes’ experience illustrates what may be accomplished when the full power of governance is unleashed. The judges congratulate Ladbrokes Coral Group on its achievements and declares the company winner of the 2018 Best Corporate Governance Gaming Industry Europe Award.


ValueLabs: Most Innovative IT Solutions Partner India 2018

Driving and enhancing the Company as a Platform (CaaP) model, India’s corporate IT solutions provider ValueLabs has implemented its signatory OneCompany model of engagement that helps businesses develop and market their products and/or services and keep in touch with customers – all the while driving revenue and claiming additional market share.

“Inspired by Potential”, ValueLabs transforms ideas and concepts into real-life applications that power corporates of all sizes. The firm sprang from an initiative to supply advanced software free of charge to Indian schools unable to buy commercially available educational programmes. Twenty-odd years later, and now a major supplier of corporate IT solutions, ValueLabs remains true to its founding philosophy centred on perfection, love, unselfishness, and strength.

The firm’s applications help clients stay well ahead of the digital curve with often ground-breaking technologies that empower businesses and allow them to reach new customers, improve existing relationships, and move into unexplored markets. ValueLabs’ solutions are particularly strong in tracing roadmaps to perfection, identifying pain points and managing end-to-end operations along the way.

The OneCompany approach is a holistic way of running a business: ValueLabs will often bootstrap IT solutions in order for prospective clients to fully realise the potential – some things are better shown than discussed.

The CFI.co judging panel recognises the uniqueness of ValueLabs’ approach to corporate IT. Instead of deploying fragmented systems, cobbled together to suit the needs of single departments and precariously joined, the company seeks to implement company-wide solutions that bundle and coordinate already available corporate strengths into a single force that empowers businesses to reach their objectives. The judges are pleased to offer ValueLabs the 2018 Most Innovative IT Solutions Partner India Award.


EY Germany: Best Assurance & Advisory Services Team Germany 2018

Professional services firm EY Germany is dedicated to empowering businesses to do their best. The firm´s young and dynamic team of assurance and advisory professionals excels at finding novel ways to do audits in the digital age, support companies in their transformation of business models, and improve performance in the relentless quest for perfection – or the closest to it.

Recognized and celebrated for its pursuit of high performance and efficiency, EY Germany´s accounting and advisory team has set itself an ambitious goal: to strengthen the confidence in the economy by helping the interconnected financial world to work better every day.

Now the country´s second-largest professional services firm, EY Germany is determined to take the lead in helping clients deal with – and prosper in – the new economy shaped by digital transformation. EY Germany also enjoys a decisive edge when helping companies operating cross border, being part of the world´s most internationally integrated professional services firm.

It is the only large corporate services company in Germany to maintain specialised US and digital Tax expert desks. As the leader in Transaction Advisory Services, EY Germany has also established a dedicated Chinese business desk including professionals from China to offer clients access to their insights on business culture and help them to successfully do transactions with Chinese partners.

EY Germany´s services blanket the entire spectrum of the business universe. As such, the company assumes the role of knowledgeable partner to its clients.

The CFI.co judging panel applauds the holistic approach of EY Germany. The firm has, in fact, become a portal for businesses attuned to changing times and ready to fully exploit new opportunities. The judges declare EY Germany winner of the 2018 Best Assurance & Advisory Services Team Germany Award.

Professional services firm EY Germany is dedicated to empowering businesses to do their best. The firm´s young and dynamic team of assurance and advisory professionals excels at finding novel ways to do audits in the digital age, support companies in their transformation of business models, and improve performance in the relentless quest for perfection – or the closest to it.

Recognized and celebrated for its pursuit of high performance and efficiency, EY Germany´s accounting and advisory team has set itself an ambitious goal: to strengthen the confidence in the economy by helping the interconnected financial world to work better every day.

Now the country´s second-largest professional services firm, EY Germany is determined to take the lead in helping clients deal with – and prosper in – the new economy shaped by digital transformation. EY Germany also enjoys a decisive edge when helping companies operating cross border, being part of the world´s most internationally integrated professional services firm.

It is the only large corporate services company in Germany to maintain specialised US and digital Tax expert desks. As the leader in Transaction Advisory Services, EY Germany has also established a dedicated Chinese business desk including professionals from China to offer clients access to their insights on business culture and help them to successfully do transactions with Chinese partners.

EY Germany´s services blanket the entire spectrum of the business universe. As such, the company assumes the role of knowledgeable partner to its clients.

The CFI.co judging panel applauds the holistic approach of EY Germany. The firm has, in fact, become a portal for businesses attuned to changing times and ready to fully exploit new opportunities. The judges declare EY Germany winner of the 2018 Best Assurance & Advisory Services Team Germany Award.


GVFL: Best Technology Venture Fund Manager India 2018

[caption id="attachment_5395" align="aligncenter" width="800"] Managing Director: Sanjay Randhar[/caption]

Founded in 1990 with the backing of multilateral financial institutions and one of the first venture capital funds in India, GVFL – formerly Gujarat Venture Finance Limited – is the go-to place for investors seeking to maximize their exposure to the buoyant Indian economy – powered by the country’s famously resourceful entrepreneurs. The fund has a stellar track record and set up eight different funds which have participated in over eighty companies.

So far, GVFL has successfully exited sixty businesses it helped built up with strategic investments and its own expertise in management and corporate governance. A total initial commitment amounting to $2m was transformed into value realisation worth over $16 m on exit from one of the investee companies, recently. The venture capital manager is particularly known – and praised – for its knack to pick winning start-ups early on in their development. The GVFL team draws on its own experience and expertise to unlock growth and empower the companies adopted by the fund to seize both opportunity and market share laying the groundwork for accelerated and sustained expansion.

GVFL works in close cooperation with commercial banks and financial institutions to source funds. The firm enjoys a solid reputation and is trusted by its partners to consistently deliver strong returns. GVFL recently launched a fund focused on technological disruptors and companies that seek to leverage their leading edge in specialised high-tech sectors.

The CFI.co judging panel commends GVFL on its foresight. The firm not only knows how to identify exceptional opportunity, it is also peerless in the creation of value. The judges agree to name GVFL winner of the 2018 Best technology Venture Fund Manager India Award.


Stox: Most Responsible Remote Gaming Operator Europe 2018

Lightning-fast technological change, shifting legislation, and demanding consumers – the iGaming industry needs to constantly adapt in order to survive. The most dynamic sector of the online economy, iGaming is set to double its revenue to almost $60bn by 2020. For companies able to drive that change, and push the industry’s proverbial envelope, the rewards are considerable.

With a state-of-the-art iGaming platform developed in-house, Stox offers business clients a shortcut to the deployment and management of online games. The firm creates an entire iGaming environment, precisely tailored to meet customer needs, including cross and up-sell facilities, revenue management, and a promotions that create brand loyalty. The company also ensures the continuous updating and upgrading of customers’ games in order to keep and expand its leading edge.

The Stox platform allows for quick deployment and easy integration with the customer’s front-end, wallet API, and CRM interface. Moreover, the company’s platform allows for omni-channel strategies in order to maximise exposure to potential paying users.

The CFI.co judging panel commends Gibraltar-based Stox on its corporate and operational transparency. The judges also note the company’s strong commitment to technological excellence. The CFI.co judges are please to name Stox winner of the 2018 Most Responsible Remote Gaming Operator Europe Award.


Uralkali: Most Sustainable Mining Operation Russia 2018

The looming worldwide potash shortage following the collapse of a mine in Belarus, has prompted investors to take a second look at large producers of the potassium-rich salts used in the manufacture of fertilisers. One of the world’s largest potash companies is Russia’s Uralkali – based in Perm near the Ural Mountains – which sells a number of high-purity standard and granular potash type used in both direct-application compound fertilisers.

Uralkali, listed on the Moscow Stock Exchange and one of its unsung heroes, is responsible for almost 18% of global potash production. The company is recognised at home and abroad for its long-standing dedication to excellence in corporate governance. In Russia, Uralkali was an early adopter of ESG (environmental, social, and governance) standards, putting the corporation on a sustainable footing.

Uralkali operates five potash mines in Perm Krai, six processing facilities, and one carnallite plant. Interestingly, the company also possesses three additional permits to mine the rich Verkhnekamskoye potash deposits – ensuring its continued access to vast reserves and allowing plenty room for corporate growth. Uralkali maintains an ice-free shipping terminal on the Baltic Sea with a capacity to handle more than six million tonnes annually.

The CFI.co judging panel notes that Uralkali Trading has a network of seven overseas offices and clients in over seventy countries. A vertically-integrated company – in control of the entire production chain – Uralkali’s potash helps farmers on five continents grow the crops that feed the world. The judges are pleased to offer Uralkali the 2018 Most Sustainable Mining Operation Russia Award.


Afghanistan International Bank: Best Corporate Governance Afghanistan 2018

In pioneer markets, excellence in corporate governance lifts companies above the median and into the field of vision of international partners who may contribute additional skills, resources, and ideas. This is how Afghanistan International Bank (AIB) managed to become the country’s largest and most profitable financial services provider in under a decade.

Founded in 2004 by two domestic corporate groups and a binational US/Afghan company, AIB was designed from the ground up to meet, and exceed, international standards and adhere to global best practices. This determination allowed AIB to become the preferred partner of multilateral lenders, development agencies, diplomatic missions, charitable institutions, and numerous government entities.

Thanks to its operational efficiency and strict compliance with all relevant international regulations such as anti-fraud and anti-money laundering legislation, AIB is the only privately- owned Afghan bank trusted with US dollar clearing facilities by international banks. AIB maintains clearing relationships with both Standard & Chartered and Commerzbank.

From AIB House, the bank’s corporate headquarters in Kabul, AIB manages seven full-service branch offices in the country’s largest cities – effectively establishing a nationwide presence. For AIB, virtue sits at the very core of its corporate DNA and adds to the bottom line: earning the trust of its clients – and indeed the nation – allows the bank to take in an estimated 23% of all domestic deposits.

The CFI.co judging panel has followed AIB’s remarkable progress for the past five years. The judges’ have seen how the bank spares no effort to meet its obligations and discharge its responsibilities. In fact, the judges agree that AIB is the one Afghan bank everybody trusts without any reservation – a testament to the power of sound corporate governance. The judging panel is delighted to offer Afghanistan International Bank the 2018 Best Corporate Governance Afghanistan Award.


Cimco Marine: Best Industrial Exporter IPO Sweden 2017

 In Sweden, the engineers of Cimco Marine developed the world’s first truly high-power diesel outboard engine. The OXE Diesel Outboard generated so much demand that the manufacturer had to accelerate expansion plans by turning to the stock market. In July 2017, the company celebrated its IPO and debuted on Nasdaq First North, generating considerable excitement amongst investors who eagerly snapped up its shares. By the close of its first day of trading, Cimco Marine shares had soared by 23% over the issue price, reflecting solid investor confidence in the company’s ability to successfully leverage – and monetise – its technological edge.

The development of the OXE Diesel power plant represents a marine tech breakthrough that called for an out-of-the-box approach to outboard engine design. To increase both endurance and reliability, Cimco Marine engineers decided to ditch the prone-to-failure bevel gears and transfer shafts usually found in outboards with belt technology that allows for high torque transfers and a considerable increase in the engine’s endurance.

Complying with NATO’s single fuel directive and thanks to its unequalled reliability, the OXE Diesel outboard is particularly popular with the military and law enforcement agencies. In order to meet demand from marine and fisheries patrol agencies, Cimco Marine also offers a 150 hp model.

The CFI.co judging panel is always happy to consider nominations of engineering companies that venture into uncharted waters, pushing the technological envelope, and identifying – and meeting – pent-up demand for a product not yet developed. Cimco Marine is such a company. Now that its high power OXE Diesel outboard engine is readily available – and making more than just proverbial waves – its absence can no longer be conceived. The judges are therefore pleased to grant Cimco Marine the 2017 Best Industrial Exporter IPO Sweden Award.


MultiBank Exchange Group: Best Forex ECN Platform Europe and Asia 2018

[caption id="attachment_5584" align="aligncenter" width="1024"] Hong Kong Office[/caption]

Its platforms execute trades with a notional turnover exceeding $4.3bn per day in forex and derivatives transactions for well over 280,000 clients in 90 countries. Since its foundation in 2005, MultiBank Exchange Group has grown into one of the world’s largest trading groups with a paid-up capital of over $300m. MultiBank was set up in California but now boasts a global footprint with offices in Europe, Australia, and Asia. It is regulated by the national market authorities of Germany and Australia, amongst others.

MultiBank is recognised as an early adopter of new technologies, including the electronic communication networks (ECNs) that instantly link smaller market participants with tier-1 liquidity providers via an ECN broker. The technology is set to dramatically change forex and derivatives trading, substantially increasing overall market dynamics.

MultiBank has fully embraced electronic exchange technology as a driver of the industry’s future. By staying at the forefront of developments, the company has earned the trust of large banks and non-bank financial services providers that now use trading platforms developed in-house by MultiBank as well as its peerless brokerages services.

The CFI.co judging panel has followed MultiBank for a number of years and has watched – and admired – the company’s steady progress as it broached new markets, expanded its products and services, and pushed innovation ahead of its peers. The judges are pleased to offer MultiBank Exchange Group, a repeat winner, the 2018 Best Forex ECN Platform Europe and Asia Award.


CrediMax: Best Digital Wallet GCC 2018

[caption id="attachment_5631" align="aligncenter" width="800"] CEO: Yousif Mirza[/caption]

CrediMax is the first and leading Credit Card Issuer and Acquirer in the Kingdom of Bahrain, providing high quality products and services for its Cardholders and Merchants. CrediMax continuously ensures the application of effective processes and procedures across the company, maintaining compliance and protects the company’s assets as well as obtain advanced technology and security systems to protect its customer database and sustain trusting and lasting partnership with its Cardholders and Merchants.

CrediMax has grown from a mere card centre unit within one of the largest commercial banks in Bahrain, branching out to a full service card and payment management company with a diversified line of products that enable shoppers and merchants alike to conveniently – and smoothly – complete their transactions in a minimum of time. As the company grew its business, CrediMax adopted an organisational structure that ensures lean operational processes whilst keeping in place a robust framework of risk policies and tools. Over the years, CrediMax has accumulated a vast reservoir of knowledge that now allows the company to expand the scope and depth of its business without sacrificing the operational nimbleness for which it is known.

The CFI.co judging panel congratulates CrediMax on the launch of MaxWallet, its ground-breaking digital wallet – a QR-enabled mobile payment solution that gives user a quick and secure way to complete face-to-face transactions. The judges agree that CrediMax has been particularly successful in adapting to the new digital and mobile payments environment. The panel declares CrediMax winner of the 2018 Best Digital Wallet GCC Award.


Alleanza Assicurazioni: Best Insurance Solutions Provider Italy

[caption id="attachment_5786" align="aligncenter" width="1176"] Alleanza Assicurazioni Management[/caption]

Entering the hotly disputed Top 5 of insurance companies in Italy, Alleanza Assicurazioni has further improved its performance across the board, covering all key metrics. Last year, the company completed the digitisation of its vast distributor network, doubled its NPS (net promotors score) to 17.3%, and significantly increased customer satisfaction indices.

Alleanza Assicurazioni now prepares to introduce Smart Capital – a novel savings account that dovetails with other hybrid products offered by the insurer such as Valore Alleanza which was launched in April 2017 and has already attracted over 27,000 savers who deposited a total in excess of €600 million.

With over €35 billion of assets under management and around two million customers, Alleanza Assicurazioni has positioned itself in the market as the preferred assurer of the younger demographic. The company exudes a modern image which is complemented by a state-of-the-art IT backbone ensuring the smooth delivery of services and facilitating cross marketing efforts that allow customers to design tailor-made packages with both insurance and savings products.

Alleanza Assicurazioni is recognised for its early adoption of a workforce management platform that enables the company’s consultants to quickly respond to customer demand. The company also moved into the mobile internet universe with a fully digital and dematerialised cycle management of customers who may now complete nearly all transactions online via mobile devices. Already now, two out of every three customers transact their business with the insurer online.

The CFI.co judging panel commends Alleanza Assicurazioni on its remarkably consistent performance. The judges agree that the company’s determination to excel in customer service helps underwrite and sustain its corporate growth. The judging panel is pleased to offer Alleanza Assicurazioni the 2018 Best Insurance Solutions Provider Italy Award.

[caption id="attachment_5789" align="aligncenter" width="889"] Davide Passero, CEO of Alleanza Assicurazioni (right) accepting an award from CFI.co[/caption]


National Energy Services Reunited: Most Promising Energy Value Creation IPO United States 2017

Raising almost $230m with its initial public offering (IPO), Houston-based National Energy Services Reunited (NESR) aims to identify and seize exceptional opportunities in the oil and gas services industry in the Middle East and elsewhere. A special purpose acquisition company, NESR offers investors a possibility to benefit from its expertise in finding value in businesses primed for takeover and expansion. Investor funds are held in escrow until suitable candidates have been tagged and approved by shareholders who may redeem their shares before any funds are committed.

Late last year, NESR announced the formation of a regional oilfield services company for the Middle East and North Africa after it agreed to take over Gulf Energy SAOC and National Petroleum Services. The new group employs over 3,000 people in more than a dozen countries and offers a full array of drilling, completion, and production services. NESR raised an additional $250m from private investors to enable closing on both transactions. A $100m backstop facility was added to provide liquidity for any potential redemptions requested by shareholders.

NESR was careful to keep in place the management of the individual companies to ensure continued access to the available expertise. The anticipated synergies will drive strong growth and allow the group to expand into new markets and strengthen its position across the region. NESR is particularly pleased to offer a comprehensive palette of services that includes the servicing of complex wells in Saudi Arabia, Oman, and elsewhere.

The CFI.co judging panel notes that NESR insists on keeping to the most exacting standards of corporate governance in order to best serve the interests of all stakeholders. NESR is the first special purpose acquisition company to move into the global oilfield services sector. The judges agree that, as such, NESR enjoys optimum exposure to the upside of a booming industry. The judging panel declares National Energy Services Reunited winner of the 2017 Most Promising Energy Value Creation IPO United States Award.