AsianInvestor today announces the first set of recipients of its third annual Institutional Excellence Awards, designed to recognise both best practice and improving standards among asset owners across Asia Pacific.

Today's set of awards reveal the winning organisations across the major countries or sub-regions of Asia Pacific. Recipients in this category are recognised for excellence within the nation or sub-region in which they are domiciled. In some cases these asset owners some of the world's most sophisticated; in other cases, they are demonstrating skill and professionalism appropriate to local regulations and market conditions and/or particularly major advances made in the past year.

The winners are as follows:

Australia/New Zealand
Ping An Life Insurance
Hong Kong
Hospital Authority Provident Fund Scheme   
Pension Fund Association for Local Government Officials (or Chikyoren)   
National Pension Service
Southeast Asia
Employees Provident Fund (Malaysia)
Cathay Life  
We will outline the outstanding asset owners by institutional type tomorrow, and conclude by revealing the outstanding organisations by areas of proficiency on Wednesday. 
To decide on the recipients of these awards, our editorial team canvassed executives at fund management firms, consultancies, banks and other service providers to generate a shortlist of asset owners deserving of recognition. We then engaged directly with these institutions. AsianInvestor would like to thank the many people throughout the region who helped us for their time and candour.

The awards seek to emphasise excellence and improvement, rather than solely trying to identify which organisations are 'the best' or have 'the best performance'. Such labels are almost impossible to quantify in a region with asset owners as diverse as diverse as Asia Pacific, and fail to consider the long-term objectives that most of these investors must consider.

In some cases the awards recognise incremental improvements in a given market. In other cases they are meant to highlight best-in-class organisations at a regional or global level. Our focus particularly emphasised fund governance, the internal capabilities of the asset owner, and its ability to adapt to long-term changes in market return expectations.

All award recipients will be invited to attend our Institutional Excellence Awards black-tie dinner on Wednesday, November 30 at the Ritz-Carlton Millenia in Singapore. This will run in conjunction with our two-day annual Southeast Asia Institutional Investment Forum at the same venue.

Complete write-ups explaining our decisions and profiling these institutions will appear online in the coming weeks, and will be presented in the December print edition of AsianInvestor.

For details on attending our Institutional Excellence Awards dinner, please contact AsianInvestor's commercial director, Terry Rayner, at [email protected] or +852 3175 1963.

For more information about the institutional investment conference, please contact AsianInvestor's head of conferences, Alastair Hills, at [email protected] or +852 3175 1986. 

This story has been updated to reflect that Ping An Life Insurance won the China country award.