Norvestor: Best Sustainable Equity Investor Nordics 2024

Norvestor is a leader in sustainable investing, underpinned by three cornerstone principles: integrating ESG into the investment process, promoting sustainable business practices, and investing in companies that offer innovative solutions to global challenges. Norvestor embeds ESG into every aspect of the investment process, identifying risks and opportunities. Its extensive due diligence process emphasises compliance, governance, and risk management. Norvestor’s new Head of Sustainability is committed to providing strategic direction, ensuring compliance, and collaborating closely with portfolio companies. Norvestor’s commitment to sustainability is evident in its achievements over the past year, including the implementation of a global ESG platform to manage sustainability data, its improvement in CO2 reporting, and support for all portfolio companies to report full Scope 3 emissions. The firm consistently monitors KPIs, with 83 percent of boards now including female directors. Governance policies have been fully integrated into the requirements for all portfolio companies. Norvestor has delivered impressive results through Fund VIII, with an average gross multiple of 2.32x and an IRR of 42 percent (Q1 2024). The firm successfully closed Fund IX at EUR 1.5 bn, comfortably exceeding its target, and has already made four strategic acquisitions in leading enterprises. An ESG summit is planned to foster stronger CFO involvement, coaching, and mentoring. With a disciplined focus on ESG, Norvestor drives impactful change in its portfolio companies, ensuring that sustainable practices are fully integrated. The CFI.co Judging Panel congratulates Norvestor on winning the 2024 award Best Sustainable Equity Investor (Nordics).


Kuwait International Bank: Best Real Estate Solutions Provider MENA 2024

Kuwait International Bank (KIB) has distinguished itself through its unmatched achievements and expertise in the real estate sector. With over 50 years of experience, KIB excels in real estate appraisals, financing, property management, and advisory services. The bank's pioneering initiatives include the launch of KIB Aqari, the first one-stop-shop real estate mobile application in the Kuwaiti market. This innovative platform has revolutionised real estate services by providing comprehensive solutions to customers, streamlining processes, and enhancing user experience. KIB's unwavering commitment to excellence, innovation, and superior customer service has cemented its position as a leader in the industry. The bank’s strategic approach and customer-centric philosophy ensure that it meets the evolving needs of its clients, offering tailored solutions that address both individual and commercial real estate requirements. KIB's extensive portfolio and dedicated team of talented professionals exemplify its dedication to maintaining high standards in every aspect of its operations. The bank’s continuous efforts to enhance its service offerings and adopt cutting-edge technologies have certainly set a benchmark in the real estate market. Moreover, KIB's active involvement in Proptech development projects and sustainable real estate practices further underscores its leadership and commitment to the region's growth. This recognition of achievement reflects KIB’s influential role in shaping the future of real estate services in the region, solidifying its reputation as a forward-thinking institution. The CFI.co Judging Panel congratulates Kuwait International Bank on winning the 2024 award for Best Real Estate Solutions Provider (MENA).


Kuwait International Bank: Best Sharia-Compliant Bank MENA 2024

Kuwait International Bank (KIB) has established itself as a leading institution in the realm of Sharia-compliant banking, demonstrating a steadfast commitment to Islamic financial principles. With a rich history and a robust portfolio of products and services, KIB offers a comprehensive range of banking solutions that adhere to Sharia law, ensuring ethical and equitable financial transactions. The bank's innovative approach includes the development of tailored financial products that meet the unique needs of its customers, from personal banking and corporate finance to investment and real estate appraisal services. KIB's dedication to excellence is evident in its strategic initiatives aimed at enhancing customer experience and operational efficiency. The bank’s digital transformation journey, characterised by the introduction of cutting-edge online and mobile banking platforms, has significantly improved accessibility and convenience for its customers. Furthermore, KIB’s active participation in community development and charitable activities highlights its commitment to social responsibility and ethical banking practices. The bank's knowledgeable and experienced team ensures that all services comply with the highest standards of Sharia governance, providing customers with trust and confidence in their financial dealings. The CFI.co judging panel points out that, “This accolade recognises KIB’s leadership in promoting and sustaining Sharia-compliant banking and reflects its innovative spirit and unwavering adherence to Islamic principles.” The panel congratulates Kuwait International Bank on winning the 2024 award for Best Sharia-Compliant Bank (MENA), which underscores its vital role in the regional financial landscape and its ongoing dedication to customer satisfaction and innovation.


Kuwait International Bank: Best Bank in Financial Literacy Programme MENA 2024

Kuwait International Bank (KIB) has demonstrated exceptional leadership and innovation in promoting financial literacy across the MENA region. With a strong commitment to enhancing the financial acumen of individuals and communities, KIB has developed comprehensive educational programmes and initiatives aimed at improving financial literacy. The bank’s strategic approach includes workshops, seminars, and digital resources designed to empower individuals with the knowledge and skills needed to make informed financial decisions. By leveraging its expertise and resources, KIB has successfully engaged diverse audiences, including students, professionals, and underserved communities, fostering a culture of financial responsibility and awareness. The bank's financial literacy programmes cover a wide range of topics, from basic budgeting and saving strategies to more complex subjects such as investment planning and risk management. KIB’s dedication to this cause is further exemplified by its collaborations with educational institutions and government agencies, ensuring a broad and impactful reach. The bank’s innovative use of technology in delivering these programmes, including interactive online platforms and mobile applications, has significantly enhanced accessibility and engagement. KIB’s efforts in promoting financial literacy not only contribute to individual empowerment but also support the broader economic development of the region. This recognition highlights KIB’s pivotal role in advancing financial education and underscores its commitment to social responsibility and community development. The CFI.co Judging Panel congratulates Kuwait International Bank on winning the 2024 award Best Bank in Financial Literacy Programme (MENA), recognising exceptional contributions to financial education and empowerment.


I&M Bank (Rwanda) Plc: Best Bank Rwanda 2024

I&M Bank (Rwanda) Plc, established in 1963, is the oldest operational bank in Rwanda and has consistently demonstrated its commitment to national economic development. Over the years, the bank has expanded its services to cater to individuals, businesses, institutions, and corporations, focusing on innovation and customer satisfaction. The bank has embraced digital transformation, offering a cutting-edge platform that enhances financial inclusion and convenience for customers. Innovations such as automated loan applications and cardless transactions have positioned the bank as a leader in digital banking services in the region. I&M Bank has also played a pivotal role in supporting small and medium-sized enterprises (SMEs) by providing tailored financial solutions and grants, in collaboration with international development partners, to foster job creation and sustain economic growth. In 2023, the bank reported a 16 percent increase in profits before tax, driven by improved operational efficiency and asset quality. Additionally, I&M Bank maintains a strong liquidity position, with a coverage ratio of 504 percent, reflecting its prudent risk management and resilience in the face of economic challenges. The bank has been recognised for its role in bolstering Rwanda’s point-of-sale market and driving digital payment adoption. I&M Bank’s approach to customer engagement has also seen year-on-year growth in its retail and corporate sectors. Its focus on financial inclusion, SME growth, and customer-centric innovation has cemented its reputation as a trusted financial institution in Rwanda. The CFI.co judging panel congratulates I&M Bank (Rwanda) Plc on winning the 2024 award for Best Bank (Rwanda).


Zambia National Building Society: Best Mortgage Provider Zambia 2024

Zambia National Building Society (ZNBS) is a leader in Zambia’s housing finance sector, with over 50 years of experience. ZNBS operates across all provinces, offering a wide range of affordable mortgage products, including diaspora mortgages, unsecured housing loans, and financing for bare land. In recent years, ZNBS has introduced innovative solutions such as group mortgages, enabling multiple applicants to share a mortgage, and alternative energy financing, which helps homeowners adopt solar energy. The organisation is deeply committed to affordable housing, having assisted over 2400 families in securing homeownership in the past year. ZNBS has also partnered with key stakeholders to roll out large housing projects across Zambia, including the Kwathu Hills project in Chilanga, which will feature over 135 serviced plots. By acquiring land banks and developing infrastructure, ZNBS aims to reduce housing costs and unlock economic potential for more Zambians. Their efforts have not only contributed to reducing Zambia’s housing deficit but also created jobs, with an estimated 1800 temporary jobs generated through construction activities last year. As ZNBS continues to innovate and expand its offerings, it remains committed to sustainable development, integrating green building practices to reduce environmental impact and promote long-term environmental stewardship. With a 23 percent growth in its mortgage portfolio over the past year, ZNBS continues to lead the market with its customer-centric approach and innovative financing solutions. The CFI.co Judging Panel congratulates Zambia National Building Society on winning the 2024 award for Best Mortgage Provider (Zambia).


QIC Group: Best Insurance Leadership GCC 2024

QIC Group, a leader in the GCC insurance market, has demonstrated remarkable growth and adaptability. Through strategic restructuring, the company has balanced its risk platform, achieving an equal split between reinsurance and direct insurance. Direct insurance operations, particularly in Dubai, have expanded significantly, growing from QAR 500m to over QAR 2bn in recent years. The Group’s digital transformation has been pivotal, with the implementation of advanced AI solutions and dynamic pricing models to improve customer service, boost efficiency, and enhance conversion rates. QIC has also broadened its international footprint with operations spanning the UK, UAE, Oman, Kuwait, Zurich, Singapore, Malta, Bermuda and Gibraltar. Notably, the company has enhanced its solvency ratio, reflecting financial strength, and transitioned its international operations from loss-making to profitability. In response to evolving market demands, QIC has launched innovative products such as cyber insurance and expanded its life insurance offerings, catering to individuals and SMEs. The Group’s commitment to ESG and sustainability aligns with Qatar’s Vision 2030, while its social contributions, including sponsorship of local sports and other initiatives, further strengthen its community presence and engagement. With a focus on maintaining value for shareholders, QIC has optimised its investment portfolio, securing stable returns through fixed income assets, bonds, and strategic investments in various sectors. The company’s market capitalisation has increased by 50 percent, reflecting the market's confidence in its transformative efforts and future growth prospects. The CFI.co Judging Panel congratulates QIC Group on winning the 2024 award for Best Insurance Leadership (GCC).


SteadyPay: Best Embedded Finance Provider UK 2024

SteadyPay is revolutionising embedded finance with fast, fair, and affordable credit solutions. Founded by CEO John Downie, with Max Mortimer as COO/CFO and Viktor Muhhin as CRO, the company offers seamless API integrations, enabling businesses to embed financial services directly into their platforms. Core offerings include income top-ups, stabilising cash flow, and credit-building programmes that help users improve credit scores from poor to good within a year. SteadyPay’s Credit-as-a-Service (CaaS) model provides end-to-end lending solutions, managing everything from onboarding to repayments. The platform integrates easily, ensuring compliance, risk management, and customer support are handled efficiently. With a proven track record of a sub 5% default rate and FCA authorisation since 2019, SteadyPay has secured a £10 million facility, enabling them to expand their offerings and deliver even more value to users. Their transparent, no-hidden-cost model ensures accessibility and fairness in lending, empowering users to avoid payday loans and predatory practices. The company leverages AI-powered tools to assess risk and affordability, further enhancing its financial services. Businesses benefit from enhanced customer engagement and satisfaction, as SteadyPay’s services drive higher uptake and approval rates. Their user-first approach has helped them maintain consistent growth, backed by venture capital and expanding at 10% monthly. Partners value SteadyPay’s ability to meet demand while providing highly configurable products that improve financial inclusion and customer retention. SteadyPay continues to innovate and scale, building a sustainable future for consumers and businesses alike. The CFI.co Judging Panel congratulates SteadyPay on winning the 2024 award for Best Embedded Finance Provider (UK).


BAC (Balkan Advisory Company): Best Boutique Investment Bank CEE 2024

BAC (Balkan Advisory Company) has developed an impressive reputation over 21 years of operations, particularly in the energy sector. The firm is well-recognised for its commitment to sustainability and is a prominent player in the global transition to cleaner energy. BAC is dedicated to advancing green energy initiatives, with a strong focus on electric vehicles, battery technology, and other key areas of the energy transition. Its efforts are particularly notable in Eastern Europe, where the company is working to shift the region’s reliance on coal towards more sustainable energy sources. This work is crucial, given the energy challenges exacerbated by the war in Ukraine. BAC also has a global focus, with a portfolio that includes 25 successful projects in major markets such as the USA and China. Its investment banking expertise is complemented by a growing asset management practice, which is focused on unlocking opportunities in the private energy sector. The firm is deeply involved in managing and regulating securities in this space, continuing to demonstrate its leadership in sustainability. BAC has recently launched a new fund targeting energy transition opportunities in Central and Eastern Europe, further solidifying its role as a key player in the sector. The firm’s commitment to green energy is underscored by its broad-based approach, which combines investment banking and asset management with a strong focus on environmental sustainability. The CFI.co Judging Panel congratulates BAC on winning the 2024 award for Best Boutique Investment Bank (CEE).


BAWAG Group AG: Best Banking Group Governance DACH 2024

BAWAG Group has reported 2023 net profit of 683 million euros, a ROTCE of 25 percent, and a cost-to-income ratio of 31.8 percent. Since its 2017 IPO, BAWAG has delivered a total shareholder return of 67 percent, outperforming major European bank indices by 31 percentage points (as of Q1 2024). Earnings per share have grown from 4.50 euros (2017) to 8.31 euros in 2023, with a CAGR of nine percent. BAWAG recently acquired an Idaho-based community bank, marking a decade of collaboration with US banking. The group executed a €175 million share buyback in 2023 –since 2017, BAWAG Group distributed € 2.6 billion of capital in the form of €1.7 billion of dividends, equivalent to €19.70 per share, and €900 million of buybacks, having reduced our total shares outstanding by over 21%. Dividend increased from 3.70 euros to five euros per share last year. In early 2024, BAWAG announced the signing of the acquisition of Knab, a bank in the Netherlands with a customer base of 400,000. BAWAG adheres to the Austrian Code of Corporate Governance and has a two-tier board of a diverse and experienced composition. The company is transparent in its operations and financial reporting. BAWAG ensures high standards of integrity and accountability. It is renowned for active community engagement, contributing over 3,700 volunteer hours in 2023. Initiatives include preparing and distributing more than 25,000 meals, disaster relief, and matching a one-million-euro donation from its management board. The bank promotes financial literacy for underprivileged children and environmental efforts such as riverbank clean-ups. BAWAG Group’s focus on governance delivers strong returns for stakeholders while contributing significantly to the community. The CFI.co Judging Panel congratulates BAWAG Group AG on the 2024 award Best Banking Group Governance (DACH).


BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich history spanning over 200 years. As a leading bank in the region, it has demonstrated a steadfast commitment to supporting small and medium-sized enterprises (SMEs) across Belgium. The bank’s extensive network ensures comprehensive coverage and exceptional service, making it a market leader in Belgium. BNP Paribas Fortis excels in providing tailored financial solutions to SMEs, leveraging its deep understanding of local markets and the unique needs of family-owned businesses. The bank's strategic location in the heart of Europe, coupled with its strong presence in international trade and logistics, positions it as a pivotal partner for Belgian SMEs engaged in import and export activities. With a robust portfolio that includes sustainability initiatives, private equity investments, and cutting-edge digital platforms, BNP Paribas Fortis addresses both the immediate and long-term needs of its clients. Its dedicated teams of seasoned relationship managers and advisors work closely with clients, offering bespoke solutions and maintaining strong, stable relationships. The bank's commitment to ESG compliance further underscores its role as a forward-thinking financial institution. The panel points out that, In addition to supporting business needs, BNP Paribas Fortis also provides comprehensive services for private clients, particularly those involved in family-owned businesses facing succession and acquisition challenges. The CFI.co Judging Panel congratulates BNP Paribas Fortis on winning the 2024 award Outstanding Contribution to SME Financing (Benelux).


TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since 2010, offers investors unique exposure to high-growth, private companies within the global technology sector. The company has built a diversified portfolio of over 50 investments, focusing on key technology segments such as Big Data/Cloud, SaaS, Mobility, and FinTech. TMT targets companies with strong growth potential, scalable products, and competent management teams, typically investing at Series A or Pre-Series A stages. Its investment criteria include a minimum revenue threshold of US$100,000 per month, ensuring that companies are already generating significant income. TMT’s strategic approach has yielded notable success, with 19 profitable full and partial exits since inception, contributing to a since-inception internal rate of return (IRR) of 15.3 percent. TMT’s portfolio companies have attracted over US$2.4bn in external investment, reflecting the confidence of over 20 major venture capital firms. TMT’s portfolio has continued to grow, with key companies reporting a 30 percent increase in combined revenues in 2023 compared to the previous year. As of 30 June 2024, TMT’s net asset value per share stood at US$6.62, unchanged from the end of 2023, with total investments valued at US$199.7m. With its proven track record, TMT offers shareholders the liquidity of a publicly traded company plus access to promising technology ventures, democratising opportunities that are often hard to reach, due to market barriers. The CFI.co Judging Panel congratulates TMT Investments on winning the 2024 award Visionary Leaders in Global Tech Venture Capital (Europe).


Solidarity Group Holding: Best Strategic Leadership in Islamic Insurance MENA 2024

Solidarity Group Holding, a prominent entity in the Islamic insurance landscape, has continually demonstrated its commitment to enhancing and innovating within the industry, through its operating subsidiaries (together, the “Group”). As a key player headquartered in Bahrain, the Group has expanded its influence across the region, solidifying its reputation through strategic leadership and robust governance. With a business model that seamlessly integrates Islamic principles with modern insurance practices, the Group has carved a niche for itself by offering products that not only comply with Shariah laws but also meet the diverse needs of clients. Its approach to insurance is comprehensive, involving meticulous risk management, ethical investing, and community-focused services which resonate deeply with Solidarity’s target markets. The Group’s strategic proactive initiatives, such as partnerships with technology firms to improve client service and operational efficiency, underscore its forward-thinking ethos. Furthermore, Solidarity’s dedication to corporate social responsibility is evident in its numerous outreach programmes that support various social causes, enhancing corporate image and stakeholder trust. The Group is financially robust, showing resilience and growth in competitive markets. Solidarity’s adept handling of market challenges and its continuous pursuit of excellence in service and product offerings are hallmarks that distinguish it in a complex industry landscape. Effective leadership strategies are evident as is the positive customer feedback. All aligns with its mission to lead and innovate responsibly in Islamic insurance. The CFI.co Judging Panel congratulates Solidarity Group Holding on the 2024 award for Best Strategic Leadership in Islamic Insurance (MENA).


BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s financial markets and among the world’s fastest stock exchanges. Since Mr Sundararaman Ramamurthy took over as Managing Director and Chief Executive Officer in January 2023, BSE has achieved significant progress in brand repurposing, product diversification, technological upgrades, and boosting employee morale and investor confidence. The relaunch of the equity derivatives segment has been particularly noteworthy, as BSE increased its market share from 0 percent to 25 percent within 21 months, setting multiple records and becoming the second-largest derivatives exchange globally, according to the Futures Industry Association report. The exchange has also enhanced its mutual fund infrastructure through the STAR MF platform, which processed a peak monthly demand of 53 million orders in FY25, up from 44 million in FY24 and 26 million in FY23. Additionally, BSE expanded its index business by acquiring S&P Dow Jones Indices' stake in Asia Index Private Limited, making it a wholly owned subsidiary. This acquisition strengthens BSE’s position in the index business, further diversifying its offerings. BSE is committed to maintaining employee morale, boosting investor confidence, and delivering growth by leveraging technology, pursuing ambitious goals, and fostering a vibrant workforce. It continues to attract foreign investors and strengthen ties with global market participants, cementing its leadership in India’s evolving financial markets. The CFI.co Judging Panel congratulates BSE Ltd on winning the 2024 award for Champions of Capital Market Innovation and Efficiency (Asia).


Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

<img class="aligncenter size-full wp-image-12641" src="https://cfi.co/awards/wp-content/uploads/2024/10/Banco-BPI-jpg.webp" alt="Banco BPI" width="400" height="272" />Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond mere rhetoric, the bank's commitment is deeply ingrained in its operational DNA. By actively participating in environmental initiatives and spearheading industry-wide changes, Banco BPI sets a precedent for other financial institutions. One of the bank's standout initiatives is its unwavering support for small and medium-sized enterprises (SMEs), where sustainability education, collaboration, and investment converge. Not content with merely advising on mitigating environmental impact, Banco BPI takes a proactive role in driving societal awareness and promoting behavioural shifts towards sustainability. Its multifaceted approach spans various sectors, aiming to instigate fundamental changes in both corporate and community behaviours. Crucially, Banco BPI's workforce is not just a passive bystander but an active participant in these initiatives. With 308 social inclusion initiatives, the bank's employees play a pivotal role in benefiting over 35,000 beneficiaries in 2023. Moreover, Banco BPI sets a commendable example in gender equality, with 44 percent of senior positions held by women, showcasing its dedication to fostering diversity and inclusion. These efforts are but part of a broader strategy to drive meaningful social transformation. By investing not only financially but also through advocacy and leadership, Banco BPI is instrumental in shaping a more inclusive and compassionate society. It's no surprise that the CFI.co Judging Panel recognises Banco BPI's exceptional contributions by awarding it the 2024 Excellence in Sustainable Banking Initiative (Portugal) accolade.


Fondo Pensione Eurofer: Outstanding Pension Fund Performance Italy 2024

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Fondo Pensione Eurofer, a prominent player in Italy's pension fund sector, has distinguished itself through a series of remarkable achievements. As a collectively agreed supplementary pension fund for railway sector employees, Eurofer provides a critical second pillar pension alongside the mandatory state pension. The fund’s strategic investment approach is noteworthy, encompassing three key segments: Garantito, Bilanciato, and Dinamico. Each segment is tailored to specific risk profiles, ranging from highly conservative to aggressively dynamic, ensuring members have the flexibility to align their investments with their financial goals. The fund has consistently delivered impressive returns, outperforming other contractual pension funds in Italy. For instance, in 2023, the Dinamico segment achieved a return of 10.5 percent, significantly higher than the average for similar funds. Eurofer is lauded for its low management fees and high level of transparency, providing members with easy access to detailed investment information. The fund’s commitment to sustainability is evident in its significant investments in socially and environmentally responsible ventures. Furthermore, Eurofer is proactive in educating members through extensive campaigns, reinforcing the importance of prudent financial planning. The fund's robust customer service framework, which includes a contact centre and face-to-face consultations, has been pivotal in maintaining high member satisfaction. With a membership exceeding 90,000, Eurofer continues to be a reliable and forward-thinking choice for Italian workers seeking secure and profitable pension solutions. The CFI.co Judging Panel congratulates Fondo Pensione Eurofer on winning the 2024 award for Outstanding Pension Fund Performance (Italy).


CRC Credit Bureau Ltd: Best Credit Bureau Nigeria 2024

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In 2023, CRC Credit Bureau Ltd embarked on numerous transformative initiatives to enhance its core infrastructure, service capabilities, and security measures. A key milestone was the implementation of advanced security protocols, including a Cloud Web Application Firewall, significantly bolstering data protection. The adoption of a hybrid cloud strategy, leveraging AWS Local Zone in Nigeria, enabled seamless scalability and improved performance. Continuous optimisation efforts of the core application SB2, in collaboration with Dun & Bradstreet, further elevated user experience. Additionally, CRC introduced the CRC B-C-B API, facilitating secure credit data requests by third-party service providers, and launched CRC RaaS (Reseller as a Service), integrating CRC services into member institutions' applications. The relaunch of the CRC mobile app provided users with convenient access to their credit reports, promoting financial literacy and informed decision-making. The expansion of CRC's institutional network by approximately 200 new members highlighted the trust and confidence in CRC’s services. Educational webinars were conducted to foster credit awareness and responsible financial behaviours. CRC received notable accolades, including the Best Credit Bureau in Nigeria and the Best Customer Service Award at the West Africa Innovation Awards. Surpassing over 100 million records in its database marked a significant achievement, enhancing CRC’s capacity to deliver actionable insights. Active participation in industry events underscored CRC's commitment to thought leadership and industry engagement. The CFI.co Judging Panel congratulates CRC Credit Bureau Ltd on winning the 2024 award for Best Credit Bureau (Nigeria) given these remarkable achievements.


Banco Ficensa: Best Customer Centric Bank Honduras 2024

Banco Ficensa has consistently demonstrated a commitment to exceptional customer service, distinguishing itself as a leader in the banking sector. Under the recent leadership of Walter Mejia, the new CEO who was once a satisfied customer himself, the bank has intensified its focus on understanding and meeting the unique needs of clients. Mejia’s personal experience with Banco Ficensa's exemplary service—characterised by meticulous attention to detail and a willingness to go the extra mile—has only reinforced his dedication to maintaining these high standards. The bank's philosophy centres on treating each client as an individual, providing a personal touch that sets it apart from competitors. This approach has cultivated a reputation for unparalleled customer satisfaction. Ficensa goes beyond standard banking services, striving to create a welcoming and supportive environment. The bank has implemented various initiatives to ensure that every interaction is personalised and meaningful, reflecting its commitment to fostering long-term relationships built on trust and mutual respect. Banco Ficensa's dedication to service excellence is evident in its continuous efforts to innovate and adapt to the evolving needs of its clients. This proactive stance enhances customer satisfaction and positions the bank as a forward-thinking leader in the industry. Looking ahead, Banco Ficensa aims to leverage its strong customer centric foundation to further enhance its service offerings and achieve new heights of excellence in the banking industry. The CFI.co Judging Panel congratulates Banco Ficensa on winning the 2024 award Best Customer Centric Bank (Honduras).


Arca Fondi SGR: Best SME Equity Fund Italy 2024

Arca Fondi SGR continues its outstanding CFI.co award winning streak. The judging panel recognises and applauds the company's dedication to fostering the growth of Italy's dynamic small and medium-sized enterprises (SMEs). The firm seeks out and invests in Italy's most promising SMEs, focusing on businesses with innovative ideas and strong growth potential. This approach drives economic vitality and positions Arca Fondi SGR at the forefront of supporting Italy's entrepreneurial ecosystem. The talented and dedicated Arca team has profound understanding of the SME landscape. Their experience and meticulous due diligence processes ensure investments are well-placed for long-term success. Tailoring solutions to each client's specific objectives remains of paramount importance. By meticulously assessing risk tolerance and investment horizons, Arca Fondi SGR empowers clients to participate in the exciting world of Italian SMEs, recognising the sector as the backbone of the national economy.  Arca Fondi SGR's unwavering focus on innovation, expert guidance, and client-centricity solidify its position as a leading player in the Italian SME investment arena. Promising clients and partners five-star service, CEO Ugo Loeser has pointed out that Arca’s award successes over the years vindicate its management approach and he believes that the firm’s long experience, commitment to clients, and drive for innovation are key elements in its success story. The judging panel agrees, and confirms Arca Fondi SGR, whose major shareholders are BPER Banca and Banca di Sondrio, as worthy 2024 winner of the award Best SME Equity Fund (Italy).


Arca Fondi SGR: Best Emerging Markets Debt Manager Europe 2024

According to the CFI.co judging panel, “This award recognises the company's excellence in navigating the complex landscape of emerging market debt investments, delivering consistent value and performance to its clients.” Arca Fondi SGR stands out as a leader in the field for several core reasons. The team boasts a wealth of experience within the emerging markets debt sector, with an in-depth understanding of global economic dynamics and the can identify unique opportunities in these markets. Arca Fondi SGR is recognised for its forward-thinking investment strategies. It leverages advanced analytics, prudent risk management, and a willingness to explore new investment avenues to deliver exceptional outcomes. The company places an emphasis on understanding clients' needs and tailoring investment solutions that match their risk profiles and long-term financial goals. This fosters relationships of trust and underscores a total commitment to transparency. The firm has been a pioneer in incorporating Environmental, Social, and Governance (ESG) factors into its emerging markets debt strategies, driving responsible investing practices alongside positive financial outcomes. A commitment to the highest standards of investment management and enduring client-focus positions Arca as an industry leader. This was one of the first Investment Management Companies (SGR) founded in Italy and it has cherished the brand for over forty years, remaining faithful to the values that inspired the company’s foundation. A repeat-winner, the panel is delighted to confirm Arca Fondi SGR as 2024 winner of the award Best Emerging Markets Debt Manager (Europe).


Barrow Hanley: Best Global Value Investment Partner US 2024

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Founded in 1979, Barrow Hanley delivers competitive performance based on a singular focus of value investing. It partners with corporate clients and institutional investors to execute their vision and achieve their financial objectives. It relies on principled practices and 50-person team of dedicated investment professionals dealing with clients around the world including Asia, Africa, Australia, US, and Europe.  The US investment firm is globally active, with 14 value equity strategies and 14 fixed-income strategies delivering proven performance. As of March 2024, Barrow Hanley stewards clients’ capital to the tune $51.6b in AUM. On the equity side, Barrow Hanley prioritises value stocks of companies, focusing on US, global and emerging market equities across all capitalisations. The firm launched its first ESG-driven strategy in 2017. The fixed-income portion of its portfolio comprises corporate bonds, treasury inflation protected securities, mortgage securities and alternative US government issues with intermediate and long-term turnaround. It backs assets with the potential to produce higher returns with lower volatility. Barrow Hanley favours a bottom-up approach to portfolio management that’s strengthened by fundamental and quantitative analysis and benchmarked against major indices. The firm’s investment universe spans multiple sectors, including credit-focused vehicles and customised investment solutions. The CFI.co judging panel presents Barrow Hanley with the 2024 award for Best Global Value Investment Partner (US).


NBG Asset Management: Pioneer in Innovative Fund Solutions Greece 2024

Consistent with its pioneering approach to solutions, NBG Asset Management was among the first to introduce bond mutual funds with fixed maturity to the Greek financial market. These funds aim to deliver the initial capital a specific return upon expiration. As of today, NBG Asset Management has launched the largest number of such funds compared to its competitors. The firm has achieved a remarkable 84 percent growth rate in assets under management since the end of 2022, setting a benchmark in the industry. With a robust risk management approach, NBG Asset Management expertly navigates the complexities of the global financial landscape, including high public debt levels and the challenges of globalisation. The company’s diversified fund portfolio, which includes a Greek equites fund with cumulative return 119% and a global equities fund with a 75% over the last 5 years, exemplifies its commitment to delivering exceptional returns to its clients under varying market conditions. Client satisfaction is a cornerstone of NBG Asset Management’s success, reflected in a 100 percent satisfaction rate and zero complaints regarding fund management. The firm has garnered significant accolades, including recognition from Wall Street Journal as the best bond mutual fund in the world, and various national awards for profitability and growth. These achievements underscore NBG Asset Management’s position as a top contender in the European financial awards circuit. An innovative approach and consistent performance have made it a preferred choice among investors seeking reliable high-yield investment opportunities. The company continues to set standards through its commitment to excellence, innovation, and client satisfaction. The CFI.co Judging Panel congratulates NBG Asset Management on the 2024 award for Pioneer in Innovative Fund Solutions (Greece).


SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive presence in the competitive landscape of Spain’s insurance industry. In a challenging year marked by economic uncertainties and geopolitical instabilities, the company has not only retained its leadership in the health insurance market but also expanded significantly. Through strategic acquisitions, including the notable integration of the IMQ Group, SegurCaixa Adeslas has reported a robust increase in earnings from premiums, which reached €4,889 million, reflecting a growth of 11.9 percent. This performance contributes significantly to the success of its parent company, the Mutua Madrileña Group. Additionally, the company's commitment to digital transformation and customer-centric innovations has strengthened its market position. The launch of tailored insurance products like Adeslas Pyme Total, and the expansion of its digital health platform, which now boasts over one million registered users, underline its dedication to meeting the diverse needs of its customers. With a network comprising over 51,000 health professionals and more than 1,400 medical centres, SegurCaixa Adeslas ensures top-tier service delivery to its 6.2 million insured members. The strategic focus on leveraging commercial growth, particularly through the banking channel, has further cemented its standing, with SegurCaixa Adeslas now poised to embark on its ambitious 2024-2026 Strategic Plan. This plan aims to fortify its market offerings and customer experience, promising continued leadership and profitable growth in the health insurance sector. The judging panels confirms SegurCaixa Adeslas as deserving winner of the 2024 award Best Insurer (Spain).


TGE Polish Power Exchange: Best Commodities Exchange ESG Strategy Europe 2024

TGE Polish Power Exchange is Poland’s leading commodities trading platform, distinguished by its robust integration of environmental, social, and governance (ESG) principles. The exchange has embedded ESG considerations into its core operations, aligning seamlessly with regulatory frameworks and advancing technical capabilities. TGE has been supporting the energy transformation for years by offering guarantees of origin for renewable energy and cogeneration. In the future, Polish Power Exchange also plans to enable trading guarantees for heat, cold, biomethane and hydrogen. This proactive stance is evident in its engagement with both national and international regulatory bodies, where TGE advocates for enhanced market transparency and the promotion of sustainable practices. The exchange’s commitment to ESG extends beyond compliance, reflecting a deep-seated organisational culture that prioritises social responsibility and environmental stewardship. TGE’s strategic initiatives include developing indices for renewable energy sources and creating innovative products that drive sustainability, thereby contributing to the broader goals of energy transition within Europe. Additionally, TGE is eager to share its knowledge with other players. In September 2023, TGE signed an agreement with the Ukrainian Energy Exchange to strengthen cooperation and exchange experience in the development of the exchange market in Ukraine.

TGE’s holistic approach ensures that it not only meets but consistently exceeds the expectations of a modern commodities exchange, positioning it as a global leader in the adoption of sustainable practices. This comprehensive strategy underpins its operational resilience and long-term growth, securing its place at the forefront of the industry. The CFI.co Judging Panel congratulates TGE Polish Power Exchange on winning the 2024 award for Best Commodities Exchange ESG Strategy (Europe).


BIAT (Banque Internationale Arabe de Tunisie): Best Digitalisation Strategy North Africa 2024

BIAT has firmly positioned itself as a leader in the digital transformation of Tunisia's banking sector, driven by a strategic focus on modernisation and customer-centric innovations. Over nearly three decades, the bank has continually adapted to the evolving needs of its clients, particularly within the young and dynamic demographic of Tunisia. The bank’s digitalisation strategy forms a critical part of its broader modernisation project, which includes the renewal of IT infrastructure and the reconfiguration of its branch network. This digital overhaul is designed to enhance the client experience by streamlining processes and offering more sophisticated advisory services. Additionally, BIAT has established a dedicated Skills Development Centre to support its human capital strategy, underscoring the importance of continuous professional development and training in a rapidly changing environment. This initiative not only rejuvenates the workforce but also ensures that employees are well-equipped to meet the demands of the digital era. As part of its commitment to fostering talent, BIAT offers comprehensive training programmes, including certification courses for SME account managers, ensuring that its team remains at the forefront of industry standards. The bank's forward-thinking approach to both technological and human capital development highlights its commitment to maintaining its competitive edge in the region. BIAT’s efforts have made a significant impact on the banking landscape. The CFI.co Judging Panel congratulates BIAT on winning the 2024 award for Best Digitalisation Strategy (North Africa).


National Bank of Greece: Best Corporate Governance Greece 2024

The National Bank of Greece has consistently demonstrated a steadfast commitment to upholding exemplary corporate governance standards, which has been a cornerstone of its enduring success. The bank's strategic initiatives, including its comprehensive five-year transformation programme, have significantly enhanced its operational efficiency, market competitiveness, and long-term sustainability. In 2022, the bank successfully exited its restructuring plan, signalling a pivotal shift towards a more extroverted business phase. This new phase is marked by strategic partnerships with leading technology firms such as Evo Payments, aimed at expanding and enhancing the bank’s corporate client offerings. The National Bank of Greece has continued to strengthen its governance framework, continuously reviewing among others its governance arrangements in alignment to best practices and proceeding to initiatives, such as the establishment of an Innovation & Sustainability Committee. This committee is tasked with monitoring emerging industry trends and providing respective feedback to the board of directors, with the aim of remaining abreast of developments and innovations affecting the banking sector and promoting long-term sustainability. The bank’s board has played an active role in overseeing all important developments, such as for instance the successful divestment of a 22 percent shareholding by the Hellenic Financial Stability Fund during 2023 and another 10 percent during 2024, which reflects the bank's robust governance structures. Additionally, the bank has made significant strides in improving board diversity and continues to prioritise governance as it navigates the evolving financial landscape, focusing on sustainable growth and innovation. The National Bank of Greece’s adherence to the highest standards of corporate governance underscores its leadership in the sector. The CFI.co Judging Panel heartily congratulates the National Bank of Greece on winning the 2024 award for Best Corporate Governance (Greece).


PPS Portfolio Performance: Best Investment Services for Pension Funds Brazil 2024

PPS Portfolio Performance, founded in 1996, is highly regarded in Brazil for its expertise in serving pension funds and institutional investors. The firm’s pioneering development of Brazil’s first proprietary portfolio analysis software has evolved into a powerful tool for both quantitative and qualitative performance evaluation. Maintaining independence from banks and financial institutions, PPS ensures unbiased investment advice. PPS was instrumental in introducing dynamic stochastic optimisation models for asset liability management (ALM), benefiting numerous pension funds in optimising returns and managing risk. Led by CEO Everaldo França and senior consultant Rafael Sampaio, PPS offers comprehensive training on investment policies and portfolio management. Both França and Sampaio train pension fund managers and board members at UniAbrapp, the educational branch of Brazil’s Association of Pension Funds. In addition to his role at PPS, França serves as an independent member of the Investments Committee at Petros, Brazil’s second-largest pension fund, and is Chairman of the Board at São Paulo City Municipal Pensions Institute. He is also dedicated to community work, mentoring low-income students at the Polytechnic School of São Paulo University and serving on the board of Casa da Paz, an NGO focused on children’s education in São Paulo’s underprivileged areas. Over the past year, PPS increased its client base by ten percent, demonstrating resilience and adaptability within a complex financial landscape. The CFI.co Judging Panel congratulates PPS Portfolio Performance on winning the 2024 award for Best Investment Services for Pension Funds (Brazil).


African Trade & Investment Development Insurance (ATIDI): Outstanding Innovators in Trade and Development Insurance Africa 2024

ATIDI, legally known as the African Trade Insurance Agency, is a pioneering pan African multilateral insurer, providing trade & investment insurance aimed at boosting sustainable economic development across Africa. The organisation plays a pivotal role in mitigating political and commercial risks for businesses and investors on the continent. Over recent years, ATIDI has prioritised digital transformation, accelerating the adoption of advanced technologies during and after the pandemic to better serve clients. ATIDI covers risks such as expropriation, non-payment by governments, state-owned companies & corporates, non-honouring of sovereign and sub-sovereign obligations, currency inconvertibility and embargoes. By embracing digital platforms, and improving internal systems, ATIDI has significantly enhanced the speed and accuracy of underwriting, risk assessments, and client interactions. The organisation also promotes innovation through partnerships with emerging insurance technology (insurtech) providers. Additionally, ATIDI has been instrumental in infrastructure development & facilitating green energy projects through its Regional Liquidity Support Facility (RLSF), a guarantee instrument to renewable energy IPPs that sell the electricity generated by their projects to state-owned power utilities. The organisation has strategically positioned itself to support the African Continental Free Trade Area (AfCFTA), enhancing regional trade and contributing to Africa’s economic resilience. ATIDI’s commitment to helping small and medium-sized enterprises (SMEs) to overcome financing barriers also underscores its mission to foster inclusive growth across the continent. ATIDI is one of the highest rated institutions in Africa with an ‘A/Stable’ by Standard & Poor’s and ‘A2/Stable’ rating from Moody’s. ATIDI continues to expand its membership base and geographical reach leading to a more diversified portfolio and stronger capital adequacy, and good profitability. The CFI.co Judging Panel congratulates ATIDI on winning the 2024 award for Outstanding Innovators in Trade and Development Insurance (Africa).


RATCH Group: ESG Financing Champion for Renewable Energy Projects APAC 2024

Legal advisor: Linklaters (Thailand) Ltd

RATCH Group has emerged as a leader in sustainable financing, with a strong focus on supporting renewable energy projects across the Asia-Pacific region. The company, which is based in Thailand, is committed to driving growth in its green energy portfolio, targeting a significant increase in renewable energy capacity over the coming years. RATCH has successfully secured financing through various innovative methods, including the issuance of green private debentures. These efforts have been bolstered by collaborations with governmental institutions such as the Government Pension Fund, marking a first for Thailand, as well as partnerships with local banks. Awarded “Refinance Deal of the Year” by the IJGlobal Awards 2022, RATCH successfully refinanced green loans for three renewable projects in Australia: the 226.8 MW Collector wind power plant, the 180.5 MW Mount Emerald wind power plant, and the 42.5 MW Collinsville solar power plant. The 180 MW Asahan-1 hydroelectric power plant in Indonesia also earned a similar accolade. The group has built a robust pipeline of renewable energy projects across multiple countries, including Thailand, the Philippines, Vietnam, and Australia. Recently, RATCH announced that its 74.2 MW Calabanga solar power plant in the Philippines commenced operations in August 2024, with its 145 MW Bacolod Solar Power Project set to begin construction by October 2024. By maintaining a proactive approach towards Environmental, Social, and Governance (ESG) criteria, RATCH continues to attract investment for its clean energy initiatives. The CFI.co Judging Panel congratulates RATCH Group on winning the 2024 award for ESG Financing Champion for Renewable Energy Projects (APAC).


Al Nahla Group: Outstanding Contribution to Economic Diversification Saudi Arabia 2024

Al Nahla Group is a family-owned conglomerate that has played a significant role in Saudi Arabia’s economic development and diversification efforts. Over several decades, the group has built a diverse portfolio spanning key sectors such as real estate, automotive distribution, and investments. Al Nahla’s approach is deeply rooted in community service, with one-third of its net income dedicated to a foundation supporting education, healthcare, and social initiatives. The group is recognised for its values-driven leadership, led by successive generations that maintain a commitment to ethical business practices and corporate governance. Additionally, the group’s longstanding partnerships with global brands such as Porsche and Audi underscore its credibility and reliability in the marketplace. Al Nahla’s transformation from a traditional family office into a modern, well-governed entity reflects its forward-thinking approach, ensuring sustainable growth while aligning with Saudi Vision 2030. Its strategic focus on economic diversification is complemented by its commitment to social responsibility, making it a pillar of both the business and local communities. Furthermore, its diversification into renewable energy, food & beverage, and flagship real estate projects highlights its adaptability to market demands. The group’s long-term partnerships, community-driven initiatives, solid corporate governance, and involvement in landmark national projects exemplify its leadership in driving economic transformation. Through innovation and sustainability, Al Nahla Group continues to contribute significantly to Saudi Arabia’s future growth. The CFI.co Judging Panel congratulates Al Nahla Group on winning the 2024 award for Outstanding Contribution to Economic Diversification (Saudi Arabia).


NBG Securities S.A.: Excellence in Equity and Bond Trading Greece 2024

NBG Securities S.A., one of the top brokerage firms in Greece and subsidiary of the National Bank of Greece, has been a key player in the country's capital markets, specialising in equity and bond trading. Established in 1988, the company provides a comprehensive range of services, including institutional and retail brokerage, equity research and market making. Licensed and supervised by the Hellenic Capital Market Commission, NBG Securities is a member of the Athens Exchange S.A., the Cyprus Stock Exchange and acts as a market maker in the Stock and Derivatives Markets of the Athens Exchange.

NBG Securities has made significant strides in recent years under new management, aiming to develop and enhance three key areas: client relationships, client experience and its personnel. The firm offers tailor-made solutions for retail and institutional clients, ensuring that each segment receives the appropriate level of service.

NBG Securities has built a strong and dedicated team which drives innovation and delivers on measurable results, positively impacting its profitability. The company has also re-engineered its operations enhancing efficiency and client satisfaction.

With a deep commitment to sustainability, NBG Securities is actively integrating ESG (Environmental, Social, and Governance) principles into its business and governance model, aligning with the global shift towards responsible investing.

The firm also leverages advanced technology platforms, ensuring transparency and seamless execution. In addition to its domestic operations, the firm has established a reputation for excellence across international markets, leveraging the strength of its parent company and strategic partnerships.

The CFI.co Judging Panel congratulates NBG Securities S.A. on winning the 2024 award for Excellence in Equity and Bond Trading (Greece).


AccountAbility: Best ESG Strategy Development Partner Global 2024

AccountAbility, a leading global sustainability advisory and standards firm, has established a reputation for driving sustainable business practices. With a focused commitment to helping organisations integrate environmental, social, and governance (ESG) factors into their core strategies, the firm has played a pivotal role in shaping the evolving landscape of corporate sustainability.

Founded in 1995, AccountAbility introduced the world’s first sustainability assurance standard and the most widely adopted stakeholder engagement framework: the AA1000 Series of Standards, used globally to improve responsible business practices. The firm’s advisory services are built on a strong foundation of stakeholder-driven and market-focused principles that enhance inclusivity, materiality, responsiveness, and impact.

AccountAbility is known for simplifying complex sustainability concepts, offering intuitive guidance on issues such as greenhouse gas emissions, corporate governance, stakeholder engagement, and ESG reporting. In recent years, it has also emphasised the role of governance, helping clients navigate the growing importance of sustainability within corporate boardrooms. The firm continues to expand its global reach, working closely with industry leaders to drive innovation in sustainability strategy and implementation.

AccountAbility is a Public Benefit Corporation that actively partners with both private and public sector organisations, fostering collaboration to meet ambitious climate action and sustainability goals. Its client-centric approach and commitment to high-quality standards have earned it widespread industry recognition, solidifying its position as a trusted partner in sustainability advisory services. The CFI.co Judging Panel congratulates AccountAbility on winning the 2024 award for Best ESG Strategy Development Partner (Global).


FBS: Outstanding Trading Education Asia 2024

FBS, a licensed global broker established in 2009, has become a leading platform with over 27 million traders and 700,000 partners worldwide. FBS offers a wide range of trading instruments, efficient order execution, and comprehensive client support. The company's trading education resources, including the FBS Academy, webinars, articles, and daily market analytics, are tailored for all skill levels, empowering traders to navigate financial markets confidently. The FBS mobile app enhances the trading experience by providing access to over 550 instruments, seamless transactions, and an efficient trading environment. The FBS Partnership Program rewards partners for client acquisition, while the company ensures a secure trading environment with negative balance protection, flexible leverage up to 1:3000, and 24/7 multilingual support. Additionally, FBS’s commitment to innovation is reflected in its user-friendly platforms, advanced trading technologies, and focus on client education. Initiatives such as the Trader’s Blog, interactive webinars, and market analysis sessions provide clients with crucial insights and strategies to stay ahead in the fast-paced trading world. FBS also prioritises data security, protecting accounts and personal information from potential threats, and offers over 200 payment methods, ensuring that nothing stands between clients and markets. Furthermore, the panel points out that FBS’s emphasis on continuous improvement and client satisfaction underscores its position as trusted broker. These efforts demonstrate FBS’s dedication to fostering a knowledgeable and thriving trading community. The CFI.co Judging Panel congratulates FBS on winning the 2024 award for Outstanding Trading Education (Asia).


Nordea Asset Management: Best ESG Team Europe 2024

Nordea Asset Management (NAM) has championed responsible investment for over three decades, beginning in 1988 with the launch of its first sector-screened fund. As of September 2024, NAM’s Responsible Investment (RI) assets under management (AUM) reached €196bn, representing 73 percent of its total AUM. NAM’s Responsible Investments Team, formed in 2009 and among Europe’s most seasoned, includes 28 analysts across Stockholm and Copenhagen who work closely with portfolio managers to deliver ESG-enhanced strategies, such as the ESG STARS family, sustainability-themed solutions, and active engagement initiatives. NAM leverages its proprietary data platform, which aggregates information from various sources and uses AI-driven models to generate ESG scores for more than 120,000 securities. These insights support NAM’s ESG STARS strategies, which aim to exceed benchmarks through selective investment in quality companies with strong ESG credentials and a focus on decarbonisation. NAM also offers sustainability-themed solutions, including the Global Climate and Environment Strategy—one of Europe’s largest actively managed sustainable funds—and the Global Diversity Engagement Strategy. NAM’s commitment to active ownership drives impactful engagements, including its flagship methane reduction campaign, which seeks to curb methane emissions with 63 oil, gas, and utility companies. This campaign won the PRI’s 2024 Recognition for Action – Climate award. NAM’s dedication to responsible investing has made it a leader in sustainable finance. The CFI.co Judging Panel congratulates Nordea Asset Management on winning the 2024 award for Best ESG Team (Europe).


Portobello Capital: Best Mid-Market Investment Partner Iberia 2024

Portobello Capital is a leading private equity firm based in Spain, renowned for its strategic investments and robust management of mid-market companies. The firm has established a notable presence in the Iberian Peninsula, focusing on sectors including healthcare, industrials, and consumer goods. Over the past decade, Portobello Capital has consistently demonstrated its capacity to drive growth and create value, leveraging deep market insights and a hands-on approach to portfolio management. The firm’s recent accomplishments include successful exits and significant returns on investments, notably achieving a 3.6x return in a digital signage company from Galicia and a successful transaction in the manufacturing sector in the Basque Country. Portobello Capital is committed to expanding its international footprint, with new transactions in Italy and Portugal, and a strategic office opening in Italy to support future growth. The company’s approach to internationalisation not only involves geographic expansion but also enhances operational capabilities across its portfolio companies, leading to a tripling of revenue from international markets. Portobello Capital's emphasis on maintaining strong relationships with institutional investors has solidified its reputation as a trusted and reliable partner. The firm’s team, characterised by its ambition and expertise, is integral to its ongoing success and continuous evolution in the dynamic investment landscape. Portobello Capital’s focus on innovation and commitment to excellence are further evidenced by its pursuit of new investment opportunities and expansion initiatives. CFI.co Judging Panel congratulates Portobello Capital on winning the 2024 award Best Mid-Market Investment Partner (Iberia).


BOV Fund Services: Best Fund Administrator Malta 2024

BOV Fund Services (BOVFS) is a leading Maltese provider of fund administration services, renowned for its client-focused and tailored solutions. As a subsidiary of Bank of Valletta, the largest banking group in Malta, BOVFS combines local expertise with a personalised approach, prioritising the unique needs of each client.

The company empowers its employees through continuous training and development, ensuring that the team is equipped to respond effectively to client needs. This proactive approach is supported by a commitment to regulatory compliance and risk management, crucial in maintaining the high standards required in the financial services industry. BOVFS actively listens to its clients and adjusts its services accordingly, avoiding a one-size-fits-all model in favour of customised solutions that ensure long-term success and sustainability.

Corporate social responsibility is embedded in the company’s culture, with initiatives such as voluntary work and donations to local and international charities. Looking ahead, BOVFS is focused on organic growth, maintaining its strong market position by continually enhancing its technological infrastructure and adapting to evolving market conditions and client expectations. The company is committed to staying ahead of industry changes while remaining agile enough to adopt new technologies when necessary. This, combined with its long-standing commitment to quality service, positions BOVFS as a trusted partner for its clients in the evolving fund management landscape.

The CFI.co Judging Panel congratulates BOV Fund Services on winning the 2024 award for Best Fund Administrator (Malta).


Ghana Stock Exchange: Best Stock Exchange for Economic Growth West Africa 2024

The Ghana Stock Exchange (GSE) has consistently demonstrated a commitment to driving economic growth and supporting sustainable development in Ghana and beyond. Through strategic innovation and resilience, GSE has made notable advancements, including the introduction of over-the-counter (OTC) trading services, designed to provide a simplified entry point for companies seeking capital. GSE’s expanded product offerings also feature a commercial paper market, enabling companies to access short-term financing, and a dedicated sustainable market segment launched in line with international ESG standards. The Exchange has successfully established itself as a critical platform for capital raising and investment, accommodating diverse investor groups through initiatives like financial literacy programmes and technology-driven platforms for market accessibility. Additionally, GSE’s partnership with government and key institutions aims to foster good governance and diversify the investor base, encouraging local participation and broader inclusion. The GSE has also committed to long-term environmental, social, and governance (ESG) goals, becoming an active contributor to the Sustainable Stock Exchanges Initiative, a platform promoting sustainable investment worldwide. GSE’s forward-looking strategy reflects an ambitious vision of creating a robust, inclusive capital market that drives both corporate and economic transformation in Ghana. By aligning with regional and continental initiatives, GSE aims to channel domestic savings into productive local projects, positioning itself as a significant player within Africa’s evolving financial landscape. The CFI.co Judging Panel warmly congratulates Ghana Stock Exchange on winning the 2024 award for Best Stock Exchange for Economic Growth (West Africa).


AXA IM Select (AXA Investment Managers Ltd): Best Multi-Manager Investment Solutions Global 2024

AXA IM Select, a multi-manager specialist within AXA Investment Managers, delivers diverse investment solutions across asset classes, sectors, and regions. The firm manages and advises on €32.5bn in assets as of June 2024, utilising an open-architecture model to provide clients with access to top-performing fund managers. AXA IM Select was created through the 2024 rebranding of Architas, consolidating all investment capabilities under AXA IM to enhance the company’s client offerings and simplify operations. AXA IM Select benefits from the global reach and expertise of AXA Group, ensuring its clients receive innovative and robust investment solutions. The firm operates in 12 countries, focusing on discretionary and advisory portfolios that offer diversification and help reduce volatility. AXA IM Select is committed to responsible investing, with a strong emphasis on delivering long-term value for both clients and the broader community. The company is particularly dedicated to serving retail clients, demystifying investment strategies and simplifying complex financial products while ensuring clarity and transparency in every offering. The company’s strategy is focused on key themes such as performance and growth, excellence, resilience and responsibility. This focus on multi-manager solutions, combined with its global capabilities and strong operational framework, allows AXA IM Select to meet the evolving needs of its clients effectively. The CFI.co Judging Panel congratulates AXA IM Select on winning the 2024 award for Best Multi-Manager Investment Solutions (Global).


Berenberg: Best Strategic Asset Allocation & Asset Liability Management Team Germany 2024

Berenberg, Germany’s oldest privately owned bank, has been at the forefront of strategic investment advice for over two decades. The Berenberg Investment Consulting team has consistently delivered customised strategic asset allocation (SAA) and asset liability management (ALM) studies, leveraging cutting-edge technology and innovative tools to serve a diverse clientele, including institutional investors, corporate pensions, single family offices, endowments, and ultra-high-net-worth individuals (UHNWIs). Its platform, managing approximately 40 billion euros in assets, is renowned for efficiency and rapid delivery, significantly outpacing industry standards. The team’s new SAA & ALM Innovation Hub, featuring an interactive dashboard, enables real-time collaboration with senior consultants, providing detailed analyses of various asset allocation strategies. This state-of-the-art tool integrates macroeconomic stress scenarios, developed in collaboration with the University of Copenhagen, to offer unparalleled insights into potential risks and outcomes. The sophisticated backend system simulates long-term asset and liability trajectories, allowing for precise modelling and optimisation of investment strategies. Furthermore, the platform’s proprietary sustainability database provides comprehensive carbon impact assessments, helping investors align their portfolios with regulatory requirements and environmental goals. Combining academic research with practical expertise, Berenberg delivers exceptional value and thought leadership, consistently enhancing its technological infrastructure to meet evolving needs. The group attributes much of its success to lessons from the traditional bank, especially its emphasis on relationship management and customer relations. The CFI.co Judging Panel congratulates Berenberg on winning the 2024 award Best Strategic Asset Allocation & Asset Liability Management Team (Germany).


Jaiz Bank: Best Islamic Bank Nigeria 2024

Jaiz Bank Plc, Nigeria's leading non-interest bank, has consistently demonstrated significant growth and outstanding achievements. Founded in 2012, Jaiz Bank has rapidly expanded from its initial three branches to over 50 branches across Nigeria, reflecting its robust growth strategy and commitment to ethical banking principles. The bank's financial performance has been impressive, with gross earnings rising by 42 percent from ₦33.2bn in 2022 to ₦47.2bn in 2023, and profit before tax increasing by 66.7 percent from ₦6.63bn to ₦11.05bn in the same period. In the first quarter of 2024, Jaiz Bank's pre-tax profit surged by 275 percent from ₦1.6bn in Q1 2023 to ₦6bn, showcasing its strong operational capabilities and strategic financial management. The bank's assets also grew significantly, with the balance sheet expanding by 52.7 percent from ₦379.82bn in 2022 to ₦580.13bn in 2023, further demonstrating its financial stability and growth trajectory. Jaiz Bank's strategic vision aims to position it as the leading ethical bank in Africa by 2027. This includes substantial investments in digital banking and fintech, enhancing customer experience, and expanding its branch network to meet the growing demand for non-interest banking services. The bank's focus on ethical financial services, its customer-centric approach, and truly innovative product offerings have solidified its reputation as a trailblazer in Nigeria's banking sector. Jaiz Bank’s dedication to excellence ensures it remains a leading force in the industry. The CFI.co Judging Panel congratulates Jaiz Bank on winning the 2024 award for Best Islamic Bank (Nigeria).


Trading.com: Outstanding Low-Cost Crypto Trading EU 2024

Trading.com is dedicated to delivering affordable and accessible cryptocurrency trading through its diverse range of contracts for difference (CFDs). Offering 58 cryptocurrencies, including established options like Bitcoin (BTC) and Ethereum (ETH), as well as emerging digital assets, Trading.com provides ample opportunities for traders to diversify their portfolios. Its platforms, encompassing WebTrader, mobile applications, and MT5, ensure seamless trading experiences around the clock. Notable advantages include tight spreads and zero commission fees, allowing traders to optimise their returns. For novice investors, Trading.com provides a comprehensive suite of free educational resources, ranging from articles to tutorials, alongside a practice account to build skills in a risk-free environment. Seasoned traders also benefit from Trading.com's advanced tools, ensuring precision and efficiency in every transaction. The firm’s 24/5 customer support, available via email, phone, and live chat, underscores its commitment to client satisfaction. This is complemented by an extensive Glossary and Help Centre, offering users easy access to essential information and fostering confidence in trading decisions. The firm also ensures a seamless trading experience by integrating user-friendly interfaces with robust functionality, making it suitable for traders of all experience levels. Trading.com’s transparency, focus on education, and cost-effective solutions distinguish it in the competitive cryptocurrency trading market. Its commitment to innovation ensures it remains at the forefront of the industry, setting high standards in service delivery, platform reliability, and client support excellence. The CFI.co Judging Panel congratulates Trading.com on winning the 2024 award for Outstanding Low-Cost Crypto Trading (EU).


Trading.com: Highly Transparent Broker EU/UK 2024

Trading.com stands out as a brokerage firm committed to fostering trust and clarity in the trading landscape across the EU and UK. Built on the principles of simplicity, security, and openness, the company prioritises a seamless and transparent trading experience for its clients. Its approach to trading costs exemplifies transparency, with zero commissions, low spreads, and clearly visible swap fees, ensuring that clients encounter no hidden charges or unexpected expenses. Flexible leverage options up to 30:1 further enhance the client offering, enabling traders to operate with agility and control. As a CySEC-regulated entity, Trading.com adheres to stringent compliance standards designed to safeguard client transactions and protect sensitive personal data, providing peace of mind to traders. Beyond financial transparency, the firm has made its business terms, policies, and operational practices accessible to all. Key information documents are translated into 24 languages, ensuring that clients from diverse backgrounds can fully understand Trading.com’s offerings and the protective measures in place. The company’s dedication to openness extends to every facet of its operations, from costs to compliance, supported by a user-friendly website that ensures complete clarity. Trading.com’s commitment to simplicity, security, and accessibility positions it as a trusted partner in the industry, setting a benchmark for others to follow. The firm’s innovative approach and unwavering focus on transparency continue to resonate strongly with traders seeking reliability and clarity in a competitive market. The CFI.co Judging Panel congratulates Trading.com on winning the 2024 award for Highly Transparent Broker (EU/UK).


Trading.com: Seamless User-Friendly Mobile App EU/UK 2024

Trading.com has revolutionised mobile trading across Europe and the UK with its cutting-edge, user-friendly app, tailored to the needs of modern traders. The app delivers a seamless and intuitive experience, removing complexities to provide hassle-free trading. Central to its innovation is the one-tap trading feature, which enables instant execution of trades—a crucial advantage in fast-paced financial markets. Its responsive interface enhances usability, allowing traders to swipe right to add assets to watchlists or left to place trades, creating a streamlined and efficient user journey. Real-time trade monitoring is a standout feature, with profit and loss indicators displayed prominently on the home screen, alongside advanced charting tools and TradingView indicators that support data-driven decision-making. All essential tools are consolidated into a single, accessible platform, enabling smooth transitions from strategy formulation to execution. Traders also benefit from a straightforward onboarding process, with new clients able to open accounts directly within the app and existing users logging in seamlessly. The app’s accessibility is further enhanced by availability on Google Play and the App Store, ensuring a broad reach and ease of adoption. Designed to empower traders with speed, innovation, and functionality, the Trading.com app is a prime example of technological excellence, customer-centric design, and unwavering commitment to innovation. By consistently prioritising user experience and continuous improvement, Trading.com continues to set new standards in mobile trading technology and usability. The CFI.co Judging Panel congratulates Trading.com on winning the 2024 award for Seamless User-Friendly Mobile App (EU/UK).


KBC Group: Best European Bank 2024

[caption id="attachment_12872" align="aligncenter" width="900"] Johan Thijs, CEO of KBC Group (right) receiving an award from CFI.co for Best European Bank 2024[/caption]

KBC Group continues to lead the European banking sector through its innovative bank-insurance model, delivering a solid net profit of €925m in Q2 2024. The group’s financial strength is underpinned by geographic diversification across Western and Central Europe and a balanced revenue stream from banking and insurance. This strategic mix, alongside proactive hedging and a CET1 ratio of 15.1 percent, has enabled KBC to consistently outperform market expectations. A key part of its digital-first approach is its AI-driven assistant, Kate, which has significantly improved customer interaction. KBC’s innovative Kate Coins loyalty programme (initiated in 2023) has delivered close to three million coins to customers, redeemable for rewards and cashback. KBC Mobile, Belgium’s top banking app and ranked third globally, further strengthens its digital presence and enhances customer satisfaction. The group’s commitment to sustainability is evident in its alignment with the European Green Deal and recognition among the top 3 percent of global financial institutions for sustainable practices. KBC has financed projects valued at €19.3bn for environmental objectives and €7.4bn for social goals, including investments in healthcare, education, and renewable energy. KBC remains at the forefront of anti-money laundering efforts, employing advanced AI to enhance security, regulatory compliance, and risk management across its various operations. And, as CEO Johan Thijs points out, “KBC is priced to perfection on the stock market”. The CFI.co Judging Panel applauds KBC Group on the 2024 award Best European Bank.


BAEZ: Excellence in Export Credit Insurance & Risk Mitigation CEE 2024

The Bulgarian Export Insurance Agency (BAEZ) is a key player in export credit insurance, offering robust solutions that support Bulgarian exporters, particularly SMEs, by facilitating their access to financing. BAEZ has introduced innovative risk management practices, such as escrow-based advance payment surety bonds and new collateral requirements for working capital loans, ensuring more equitable risk-sharing between banks, borrowers, and insurers. Environmental sustainability is also a priority, with BAEZ promoting the issuance of surety bonds for photovoltaic power plants (currently covering 16 percent of Bulgaria’s installed capacity) and adopting electric-powered vehicles for over 75 percent of its mileage. Digital transformation efforts further enhance efficiency and reduce CO2 emissions, aligning the company with responsible resource usage and selective waste collection. BAEZ’s proactive commercial approach and collaboration with Bulgarian commercial attachés help maintain competitive pricing and a low claims ratio, ensuring continued support for the country’s exports. The agency has also signed MoUs with regional ECAs to improve market knowledge and risk assessment. Upcoming products such as reversal export credit and enhanced cargo insurance are designed to bolster the Bulgarian market, providing comprehensive insurance solutions that mitigate risk without increasing pricing. BAEZ’s commitment to governance is reflected in its transparency, anti-corruption policies, and efforts to promote diversity in management, alongside promoting employee well-being with flexible working hours and social benefit programmes. The CFI.co Judging Panel congratulates BAEZ on winning the 2024 award for Excellence in Export Credit Insurance & Risk Mitigation (CEE).


First Bank of Nigeria Limited (FirstBank): Banking Innovation Leader in Financial Services Africa 2024

First Bank of Nigeria Limited (FirstBank), a stalwart in Africa’s banking sector with a legacy spanning over 130 years, has consistently demonstrated its ability to adapt and innovate in response to societal and technological changes. Renowned for its pioneering efforts, FirstBank introduced its first ATMs to Nigeria in 1991, launched its first biometrics ATM 20 years later, and established the continent’s largest bank-led agency banking network with nearly 300,000 agents. By blending cutting-edge technology with an expansive branch network, FirstBank ensures seamless, secure, and convenient banking experiences for diverse clientele, from rural dwellers to multinational corporations. The Bank has achieved remarkable success in fostering financial inclusion, enabling over 23 million customers to access banking services via mobile phones. Furthermore, FirstBank actively collaborates with government agencies to enhance economic development and remains committed to building solutions that cater to the evolving needs of individuals, businesses, and governments. The Bank's innovative drive led to the launch of the Digital Experience Centres in four different locations of Nigeria, featuring humanoid robots, AI, and video banking for seamless, human-less banking. Its Digital Innovation Lab also exemplifies its forward-thinking ethos, driving advances in AI, data science, and fintech. As a leader in payment systems, the Bank processes a quarter of industry transactions among deposit money banks and is the largest issuer of ATM cards in Nigeria. With a strategic focus on geographic expansion, including plans for growth into Europe and China with its 2025-2029 strategic plan cycle, FirstBank continues to be a cornerstone of prosperity and progress across Africa and beyond. The CFI.co Judging Panel congratulates First Bank of Nigeria Limited on winning the 2024 award for Banking Innovation Leader in Financial Services Africa.


Kathrein Privatbank: Best Private Bank Austria 2024

Kathrein Privatbank, a distinguished Austrian institution, has reinforced its position as a premier provider of private banking services by continuing to innovate and refine its offerings. Over the past year, the bank has successfully restructured its family office services, focusing on wealth structuring and succession planning to better support families and enterprises. This restructuring included expanding its team to meet the increasing demand for tailored financial solutions. Additionally, Kathrein Privatbank has enhanced its compliance operations, responding proactively to new regulatory requirements in Austria. The bank’s commitment to sustainable investing remains strong, with its global sustainable equity funds receiving prestigious German awards for exceptional performance and overall impact. It has also made significant strides in increasing transparency and client engagement, particularly through its website, which features enhanced disclosures and adherence to EU key information document (KID) standards. In terms of digital innovation, Kathrein is preparing to launch an advanced e-banking app, scheduled for 2025, aimed at improving customer convenience. Beyond its domestic market, the bank is expanding its operations in Central Europe, with a growing presence in the Czech Republic, Slovakia, and Poland. This regional expansion is supported by an enlarged private banking team, signalling Kathrein’s ambitions for further growth across the broader European market. With its focus on sustainable investment, enhanced client services, and regional expansion, Kathrein Privatbank continues to lead in private banking excellence. The CFI.co Judging Panel congratulates Kathrein Privatbank on winning the 2024 award for Best Private Bank (Austria).


Central Reserve Bank of El Salvador: Best Central Reserve Bank Central America 2024

The Central Reserve Bank of El Salvador has introduced important innovations, enhancing financial inclusion and modernising the nation’s infrastructure. As the first public institution in El Salvador certified to issue digital electronic signatures, the bank offers this service at the region’s lowest price, making it more accessible to the population. In 2023, the bank successfully carried out the country’s first fully digital Population and Housing Census in 17 years, a feat praised by international organisations. The introduction of Transfer365 has revolutionised cross-border transactions, reducing costs for Salvadorans and businesses, and saving over $1.8m in fees. The bank also implemented a groundbreaking system that clears interbank cheques in under four hours, the fastest in the Americas. In financial education, it launched an interactive mobile programme, teaching over 10,000 children across El Salvador the basics of banking and digital payments. The bank’s commitment to social responsibility includes scholarships for students and regulatory changes to ease financial procedures for retirees. The institution has been recognised for its high standards, maintaining certification for internal auditing and receiving the Diamond Award for Excellence and Quality. The Central Reserve Bank has also earned a Great Place to Work certification, with 92 percent of employees rating it highly. These achievements reflect its ongoing efforts to drive progress in El Salvador’s financial system. The CFI.co Judging Panel congratulates the Central Reserve Bank of El Salvador on winning the 2024 award for Best Central Reserve Bank (Central America).


Peak Re: Visionary in Reinsurance for Emerging Markets APAC 2024

Peak Re has demonstrated a strong commitment to expanding reinsurance solutions for Asia-Pacific’s emerging markets, focusing particularly on underserved middle-class communities. The firm leverages its extensive experience in the region to address critical needs, such as providing sustainable insurance options that help prevent vulnerable families from sliding back into poverty due to natural disasters. With an emphasis on driving microinsurance growth, particularly in countries like the Philippines and Indonesia, Peak Re supports regulatory developments aimed at making insurance accessible to broader populations. In addition, it collaborates with international and local partners, regulators, and academic institutions to deepen resilience and improve climate risk assessment models, highlighted by its AI-driven climate project with the Hong Kong University of Science and Technology. The company utilises cutting-edge technology in risk and capital management systems, optimising cloud-based resources, machine learning, and cyber risk assessment platforms to streamline and strengthen its operations. Focused on bridging the insurance gap, Peak Re is expanding its automated systems to better support treaty business with clients who may not yet be fully digitised, driving operational efficiency and robust client servicing solutions across the Asia-Pacific region. By maintaining partnerships with local insurers, academic institutions, and regulatory bodies, Peak Re not only bolsters its market position but also plays a key role in shaping the future of reinsurance in markets with young, rapidly growing populations. The CFI.co Judging Panel congratulates Peak Re on winning the 2024 award for Visionary in Reinsurance for Emerging Markets (APAC).


Beyond Capital Partners: Innovator in Succession Solutions and Expansion Capital Germany 2024

Beyond Capital Partners, a Germany-based private equity firm, is celebrated for its trailblazing contributions to succession solutions and expansion capital tailored to lower mid-cap enterprises. Established in 2015 by three entrepreneurial founders, the investment firm has crafted a distinct identity rooted in its commitment to responsible investment and sustainable growth. Its strategy centres on acquiring majority stakes in companies across asset-light sectors, including business-to-business services, IT services, software, healthcare & well-being, and ESG-oriented enterprises. The team, comprising 16 professionals with entrepreneurial and private equity expertise, collaborates closely with portfolio companies to foster trust, accelerate growth, and deliver long-term value creation and sustainable outcomes. A standout feature of Beyond Capital Partners is its focus on gender equity, with women representing a significant proportion of the leadership team. This emphasis on inclusivity, alongside a culture promoting work-life balance and operational efficiency, has made it a leader in modern private equity practices. Over the past decade, the investment firm has executed 27 acquisitions plus more than 100 smaller acquisitions in the course of a roll-up strategy, building a portfolio of high-performing businesses with average revenues of €20m at entry. Managing funds totalling USD 350m with a combined NAV close to half a billion USD, the investment firm closed its most recent fund during the challenging fundraising climate of 2023, underscoring its resilience and appeal to investors globally and domestically. By leveraging its entrepreneurial DNA and innovative strategies, Beyond Capital Partners has established itself as a trusted partner for founders navigating succession and expansion and is one of the most active lower-mid-market GPs in the DACH region. The CFI.co Judging Panel congratulates Beyond Capital Partners on winning the 2024 award for Innovator in Succession Solutions and Expansion Capital (Germany).


Jadara University: Best University in the Middle East in Preparing Graduates for Employment and Leadership

[caption id="attachment_12794" align="aligncenter" width="900"] Doctor Shukri Marashdh[/caption]

Jadara University, located in northern Jordan, has garnered acclaim for its forward-thinking approach to employability and leadership development. The institution has achieved high rankings in prestigious assessments, including a five-star rating in alumni success, education, and societal engagement from the QS international rating system, and an impactful standing in the Times Higher Education rankings. Jadara aligns its curriculum with industry needs, ensuring graduates gain relevant skills through a focus on sustainable development goals and hands-on learning. Its academic programmes employ diverse teaching methods—from online to blended and in-person formats—to meet rigorous learning outcomes. The university has excelled in Jordan’s national capacity exam and ranks highly in metrics assessing environmental impact and sustainable practices. Additionally, Jadara offers career services, with each faculty providing workshops, seminars, and leadership-focused extracurricular activities. Its leadership programmes are integrated into governance, allowing students to lead committees, further developing their skills. International exchange programmes with institutions in Turkey, Malaysia, and Germany offer global exposure, enhancing students’ academic and practical experience. Jadara also emphasises digital skills, leveraging advanced ICT resources and programming to support students across disciplines. Ranking as the leading private university in northern Jordan and achieving international recognition for student outcomes, Jadara distinguishes itself by delivering a robust education that prepares graduates to excel. The CFI.co Judging Panel congratulates Jadara University on winning the 2024 award for Best University in the Middle East in Preparing Graduates for Employment and Leadership. This success shown through Jadara University's long journey starting 2006 goes back to the vision and consistent hard work of the leader of this distinguished higher institution, the chairman of the board of directors, Doctor Shukri Marashdh, who has also been titled this year 'the ambassador of sustainable development in Jordan'.


CORDET: Best Alternative Credit Investor United Kingdom 2024

CORDET has established itself as a leading alternative credit investor in the United Kingdom, demonstrating a formidable and truly impressive presence within the financial sector. The company has shown a consistent drive towards innovation, focusing on improved internal procedures and new systems, all while maintaining a diverse investment portfolio. With recent transactions in the Netherlands and Austria, CORDET is clearly expanding its geographical footprint. The company's commitment to ESG practices remains robust, aligning with its focus on sustainable investments. As CORDET navigates a challenging financial landscape, it continues to bridge the gap for well-performing businesses that might otherwise struggle to secure financing. This strategy has contributed to its success, attracting industry recognition and awards, including the European Small Cap Direct Lending Manager of the Year. CORDET has also been proactive in adjusting to shifting market conditions, balancing risk exposure with the need to seize new opportunities. The company's strategic approach to business services and its preference for B2B investments have contributed to its ongoing success. Additionally, CORDET has embraced technological advancements, optimising internal processes and reporting systems to meet growing investor demands. This forward-thinking mindset ensures that the company stays ahead of industry trends while maintaining its core values. CORDET's unwavering commitment to excellence and continuous adaptation to market dynamics have solidified its reputation as a leader in alternative credit investment. CORDET’s ability to maintain momentum, despite industry fluctuations, makes it a deserving recipient of the Best Alternative Credit Investor United Kingdom 2024 award.


Oceanic Investment Management: Excellence in Sustainable Maritime and Energy Sector Investments 2024

Oceanic Investment Management has distinguished itself as a leader in the maritime and energy sectors, with a particular focus on investments aligned with the global energy transition. The company’s investment process integrates fundamental industry analysis and valuation with a data-driven systematic strategy, employing the proprietary TRACS software. This advanced system, underpinned by satellite tracking, enables the Oceanic team to assess fleet performance and efficiency, with precision. While the firm does not categorise itself as an ESG fund, sustainability is included as a key consideration alongside the broader investment factors which include supply and demand dynamics, cyclical analysis and asset quality.

Oceanic Investment Management’s flagship Oceanic Hedge Fund has demonstrated consistently strong performance, with a track record of double-digit returns. Over the past five years, the total return of 110% (including the impact of compounding) represents an average return of 16% pa (including a 14% return in 2024), maintaining resilience despite global disruptions, including geopolitical tensions, environmental challenges, and market volatility.

The performance represents the firm’s ability to capitalise on opportunities while navigating complexities in the shipping and energy sectors. The success has attracted a geographically diverse investor base, with notable participation from Switzerland, the UK and the US. By combining technological innovation with expertise, Oceanic Investment Management has positioned itself at the forefront of sustainable maritime and energy investments. The Cfi.co Judging Panel congratulates Oceanic Investment Management on winning the 2024 award for Excellence in Sustainable Maritime and Energy Sector Investments (Global).