Saturday, June 19th, 2010
NEW YORK, NY--(Marketwire) - There has been a stunning change of fortunes in the financial industry in recent years. Chinese banks and insurers have supplanted their U.S. counterparts as the world's largest in terms of market capitalization. Hong Kong has surpassed New York and London as the hottest center of IPO activity.

These are just two signs of the growing clout of Asia's financial sector in the global economy. Increasingly, Asian firms are innovators and leaders in their own right, not merely adopters of Western practices and products.

A new Institutional Investor ranking, Captains of Asian Finance, highlights the corporate leaders of Asia's banks, brokerages, asset managers, and insurance companies that buy- and sell-side analysts consider to be the best in their respective sectors and regions.

This year's winners include Yang Chao, chairman of China Life Insurance Co. (No. 1, Insurance/Life: Greater China); Aditya Puri, managing director of India's HDFC Bank (No. 1, Banks: South Asia); Nazir Razak, CEO of Malaysia's CIMB Group Holdings (No. 1, Brokers, Asset Managers & Exchanges: Southeast Asia); and Ra Eung Chan, chairman of South Korea's Shinhan Financial Group Co. (No. 1, Banks: South Korea).

The complete list of winners can be found on our Web site,

For more information about this ranking, please contact Michele Bickford at [email protected] or +1 212 224-3360.

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Institutional Investor

Now entering its fifth decade, Institutional Investor has consistently distinguished itself among the world's foremost financial publications with groundbreaking journalism and incisive writing that provides essential intelligence for a global audience. In addition, Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks. For more information visit
Michele Bickford
P: +1 212 224-3360


Hong Kong has surpassed New York and London as the hottest center of IPO activity.



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