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PrintJan 16, 2009
Risk magazine, the touchstone publication for the global derivatives markets, Monday announced its awards for 2008, naming J.P. Morgan: Derivatives House of the Year; Bank Risk Manager of the Year; Credit Derivatives House of the Year; and Derivatives Research House of the Year.
Given the number and the importance of the awards, John Hogan, the Investment Bank's chief Risk officer, said: "No other bank has ever won this many top awards in what was probably the most critical year to have strong risk management."
Amid a year that was beset by market turmoil, the editors of Risk gave heavy weight to how the banks served their clients in making their selections. “Unsurprisingly, client feedback was crucial in making our decisions,” the editors wrote in their article summarizing the award considerations.
Continuing, they said: “In making the final decisions, a number of factors were considered, including (but not restricted to) liquidity provision, client service (in particular helping clients replaced hedges, restructure underwater positions and provide risk management advice), quality of post-sales service, infrastructure, systems and organization.