ASA Asia Winners 2025 | Treasury Today

2025 Overall and Highly Commended Winners

Every year the calibre of nominations increases, and this year was no exception. We revealed our 2025 winners, with a special announcement on September 17^th. Our winners showed exceptional achievement to stand out against fierce competition.

Following this announcement, all winners and their partners are invited to this year’s Adam Smith Awards Asia black tie Celebration Dinner, taking place on Monday November 10^th from 6pm at the Four Seasons Hotel, Singapore. As part of the evening, we will present bespoke awards to all winners and their partners in attendance.

As part of our Adam Smith Awards Asia programme, we’ll be showcasing exclusive case studies on all our winners, celebrating best practice, innovation and excellence in corporate treasury and finance. These inspiring stories will highlight their exceptional journeys, groundbreaking achievements, and the lasting impact they’ve made within their organisations. Stay tuned!

Shortlist 2025

Treasury Today Asia’s Top Treasury Team: ArcelorMittal Nippon Steel India – Annapoorna Venkataramanan; Marsh McLennan Companies – Novita Indayang; Royal Philips – Kathy Yu

Overall Winners 2025

Best Cash Management Solution: Haier – Tang (Chris) Quan
Best Cash Pooling Solution: DKSH Holding AG – Yew Li Ping
Best Payments Solution: CCCC Overseas Treasury Management Limited – Ran Tao
Best Supply Chain Solution: Grasim Industries – Rahul Desai
Best Funding Solution: OM Holdings Limited – Stanley Liu
Best IPO Listing: Cuscal Limited – Freya Smith
Best Risk Management Solution: Goldwind Science & Technology Co Ltd – Melody Meng and Sally Peng
Harnessing the Power of Technology: Ant Group – Liang (Charles) Cao
Best Treasury Transformation Project: Shell Treasury Centre East (Pte) Ltd – Rennie Yeo, Noelle Lee and Yao Wen Hau
Best in Class Treasury Solution in ASEAN: Thai Union Group PCL – Yongyut Setthawiwat
Best in Class Treasury Solution in India: Hitachi International Treasury, Hitachi India Pvt Ltd – Mandy Lim, Katsumi Kikkawa, Rajni Jain and Ankush Khurana
Best in Class Treasury Solution in China: BYD – Yuheng (Adam) Wang
Best Sustainable Treasury Solution: Chinachem Group – Tim Wong
Best Foreign Exchange Solution: Marico Limited – Priyank Fofaliya, Gaurav Anand and Darshan Gandhi
Best Investing Solution: Manulife International (Hong Kong) Limited – Billy Law and Paul Lau
A Rising Star: Lucia Ma – Klook
Corporate Treasurer of the Year: Vineet Sood – HCL Technologies
Judges’ Choice: IHH Healthcare – Manjiv Dodanwela; Kuaishou Technology – Cui Jiaqi and Wei Qiaoling

Highly Commended Winners 2025

Best Cash Management Solution: Fortescue Limited – Lee Trewartha; Kulicke & Soffa Pte Ltd – Toh Lay Perk; Shenzhen Transsion Holdings Co Ltd – Tan Xinyan
Best Cash Pooling Solution: GE Vernova – Vibhash Joshi; KLA Corporation – Jack Yue, Suki Yim and Jerry Kua; Zhejiang ZEEKR Intelligent Technology – Dennis Yin
Best Payments Solution: CR (Hong Kong) Treasury Management Limited – Song Minhao; FinClear Services – Daniel Bower; Land Transport Authority of Singapore – Yong Yenn Leng and Lim Kian Peng
Best Supply Chain Solution: Daikin India – Ganesh Jain; Fusheng Co Ltd – Flora Huang; Samsung – Charlotte Li
Best Funding Solution: AMNS – Priya Kalantri; Bekaert Industries Private Limited – Devendra Mishra; Korean Air Lines Co Ltd – Jun Hwan Kim
Best Risk Management Solution: PAG – Nick Yu; Power Construction Corporation of China – Wang Wei; Thomas Cook India Group – Amit Baraskar
Harnessing the Power of Technology: Alibaba.com Pay – Yantao Li; HP Inc – Tomasz Smok and Daniel Majkowicz; Singapore Telecommunications (Singtel) – Arthur Lang, Tee Ming Jir and Samantha Chng
Best Treasury Transformation Project: Pacific International Lines (Private) Limited – Ivy Lum and Elli Oon; Pop Mart International Group Ltd – Evelyn Xie; Trip.com – Karen Wang, Xiao Lu Guo, Cheng Hui Lin and Xiaolu Guo
Best in Class Treasury Solution in ASEAN: Anta Sports Products Limited – Xu Wenting; Ninja Van Group – Sabina Lopez-Vergara; Smart Axiata Co Ltd – Goh Paik Hwa
Best in Class Treasury Solution in India: Aliaxis/Ashirvad – Séverine Le Blévennec; Broadcom Inc (“Broadcom”) – Stacey Wang; Tech Mahindra Limited – Aniruddha Gadre
Best in Class Treasury Solution in China: Agilent Technologies Singapore (Holdings) Pte Ltd – Linda Wu; Flex – Vivian Peng, Flora Zhang, Yvione Zhou, Candy Deng, Shirley Lou and Katherine Liu; PetroChina International Co Ltd – Wilson Lee
Best Sustainable Treasury Solution: GLP Iowa Supply Chain Management (Shanghai) Co Ltd – Sasa Wang; IHH Healthcare – Lai Kok Peng and Yasemin Stubbe; Yutong Bus Co Ltd – Chang Yu
Best Foreign Exchange Solution: APAR Industries – Sanjay Rohit; PhotonPay – Ivan Chen; ZTE Corporation – Wu Hao (Lucas Wu)
Best Investing Solution: Burberry Asia Ltd – William Poon; Thomas Cook India Group – Amit Baraskar; YAGEO Corporation – Thomas Chang
Corporate Treasurer of the Year: Hannisel Obedicen – Inchcape