SPI Awards 2024

A note to all participating companies

Thank you all for supporting SPi’s “Awards for Excellence” 2024, the definitive awards program for the structured products industry.

Award submission processes can be arduous, so we have tried to keep our “Awards for Excellence” process relatively simple.

The awards for the participating companies will be decided using our independent data. We would, therefore, like to request that each participant briefly disclose their achievements, innovations, and performances over the past 12 months alongside collecting consistent, core data that facilitates comparative analysis of competing banks.

The information required for a successful submission is outlined in further detail below. The winner of SPi’s “Awards for Excellence” 2024 will be an outstanding participant in all categories. Market share is vital, but so is an ability to demonstrate growth, relative outperformance compared to other participants, and adapt to changing market conditions and client needs, including innovations.

Once submissions have been received, our team of researchers and independent jury will conduct a thorough analysis of each Submission. In conjunction with our market knowledge and research, this will be used by our jury, which I will chair, to make the final decisions and announce the winner.

Tiago Fernandes

Award Categories

  • This award recognizes the leading derivatives house dedicated to hedge structured products and Equity Derivatives. The winner demonstrates excellence in innovation, pricing, and issuance of the most structured products for the US market, as indicated by SPi’s league tables. Each broker-dealer and independent broker-dealer will be part of jury, responsible for ranking the finalists based on their performance.

    Shortlist:
    Bank of America
    Barclays
    BNP Paribas
    J.P. Morgan
    UBS

    Winner: J.P. Morgan

QIS AND ANNUITIES

  • This award recognizes the best annuity available to consumers over the past 12 months. The jury will primarily consider investors success (total AUM gathered), innovation and estimated performance to investors.

    Shortlist:
    Allianz Benefit Control Annuity by Allianz Life of North America 
    Nationwide New Heights Select 9 by Nationwide
    Power Index 5 Plus Annuity by Corebridge Financial

    Winner: Power Index 5 Plus Annuity by Corebridge Financial

  • Carriers submitted for this award should demonstrate a proven track record in best-in-class AUM, client service, diversification, and innovation.

    Shortlist:
    Allianz Life of North America
    Athene Annuity & Life
    Corebridge Financial

    Winner: Athene Annuity & Life

  • This award recognizes the provider with higher market share hedging derivatives with carriers and those which provide better post-sales service and the delivery of innovation (submission-based).

    Shortlist:
    Bank of America
    BNP Paribas
    J.P. Morgan
    UBS

    Winner: BNP Paribas

  • This award recognizes the best new index of the year, which outlines the performance, risk diversification and value to investors.

    Shortlist:
    Fidelity Stocks for Inflation Index 5% ER
    First Trust Barclays Edge Index
    Goldman Sachs Canopy Index
    HSBC Value Architect Index
    S&P 500 IQ Index

    Winner: First Trust Barclays Edge Index

  • This award recognizes the best non-traditional index provider of the year, which outlines its methodology and value to investors.

    Shortlist:
    Barclays
    Bank of America
    Morgan Stanley

    Winner: Bank of America

STRUCTURED PRODUCTS

  • This award recognizes the issuer of structured products that delivered the highest innovation, best pricing and issuance of the most structured products for the U.S. market (using SPi’s league tables).

    Shortlist:
    Citigroup
    Goldman Sachs
    J.P. Morgan

    Winner: J.P. Morgan

  • This award celebrates the provider of structured products that had highest growth across US. Each candidate should submit an editorial highlighting growth, size of team, and any other information that helps recognize the winner.

    Shortlist:
    Barclays
    Bank of America 
    BNP Paribas

    Winner: Bank of America

  • This award recognizes the issuer of structured products that delivered the highest innovation, best pricing and issuance of the most structured products for the offshore market (using SPi’s league tables).

    Shortlist:
    BNP Paribas
    BBVA
    J.P. Morgan

    Winner: BNP Paribas

  • RIA Platform providers submitting for this award will need to send a submission to demonstrate a proven track record of the quality of their services, including cutting-edge technology, post-sales support, and educational support.

    Shortlist:
    CAIS
    First Trust
    iCapital

    Winner: iCapital

  • This award recognizes the best wirehouse in the U.S. for structured products. The winner will be selected based on its position in the sector and the breadth of offering and post-sales service.

    Shortlist:
    MLPF&S
    Morgan Stanley Wealth Management 
    UBS Financial Services Inc. 

    Winner: UBS Financial Services Inc. 

  • Shortlist:
    Ameriprise
    LPL Financial
    Raymond James & Associates

    Winner: LPL Financial

  • This award recognizes the best wholesaler in the U.S. for structured products. The winner will be selected based on its position in the sector and the breadth of offering and post-sales service.

    Shortlist:
    First Trust
    iCapital
    InspereX LLC 

    Winner: iCapital

  • The independent jury will recognise the best deal of the year, taking into account deal significance, innovation, and financial impact.

    Shortlist:
    Barclays - Cash-Settled Equity-Linked Notes Linked to the Common Stock of Microsoft Corporation 
    J.P. Morgan - Uncapped Accelerated Barrier Notes Linked to the MerQube US Large-Cap Vol Advantage Index 
    BNP Paribas - TARN/Callable Steepener 

    Winner: J.P. Morgan - Uncapped Accelerated Barrier Notes Linked to the MerQube US Large-Cap Vol Advantage Index

  • This award recognizes the issuer of MLCDs that delivered the highest innovation, best pricing, and issuance (using SPi’s league tables).

    Shortlist:
    Bank of Montreal 
    HSBC 
    J.P. Morgan 

    Winner: HSBC

  • TOM LAYTON,
    Senior Vice President of Product Management within Raymond James Global Wealth Solutions.

2024 Winners

  • Best Carrier

    Athene Annuity & Life

  • Best New Index

    First Trust Barclays Edge Index

  • Best Hedge Provider

    BNP Paribas

  • Hall of Fame

    Tom Layton

  • Rising Issuer

    Bank of America

  • Best Offshore Issuer

    BNP Paribas

  • Best RIA Platform

    iCapital

  • Best Broker Dealer

    UBS Financial Services

  • Best Independent Broker Dealer

    LPL Financial

  • Best Wholesaler

    iCapital

  • Deal of the Year

    J.P. Morgan

  • Best MLCD Provider

    HSBC

  • Best Issuer

    J.P. Morgan

  • Derivatives House 2024

    J.P. Morgan

Submission Guidelines

Each candidate must submit a written application for the award that draws SPi’s attention to some of the highlights of your performance over the 12 month period from May 1, 2023 to April 30, 2024.

This will be considered as the most important part of your submission. In your own words, you should explain why your company has been the most outstanding financial institution in a particular category or categories over this period.

Submissions can also include product lists and volume league tables IC. These must include all parameters used in the search, such as date and issue type, or they will be disregarded.

Submissions should only include information that SPi can use to qualify you receiving an “Award for Excellence”. Nothing will be considered as “off the record” if you have submitted it in the application.

The maximum length for any award submission is four sides of A4 paper sent via email to tfernandes@wsd.com by 29th of July, 2024.

What Happens Next

After you have read the submission guidelines, you may have some questions. These should first be addressed to us at support@sp-intelligence.com. One of our editors or researchers will respond to you as quickly as possible.

Tiago Fernandes will be managing the awards submissions process this year. We feel that our submission guidelines are thorough and straightforward, and ask that you only contact us when efforts to make sense of the guidelines have completely failed.