Selecting the companies to be recognised is never an easy task and our Adam Smith Awards Asia programme remains one of the most significant milestones in our busy schedule each year. This year’s winners, recently unveiled by Sophie Jackson, CEO and Meg Coates, Publisher & Operations Director, exemplify the creativity, resilience and best practices that define best in class corporate treasury excellence.
All categories were again competitive with our returning category Best Cash Management Solution, Best Treasury Transformation Project, Harnessing the Power of Technology and Best Sustainable Treasury Solution attracting the highest number of submissions. The regional/country categories were also well supported with India prominent this year. More companies in India are now demonstrating best in class corporate treasury practices, as our recent Future Treasury & Finance Leaders Forum in Mumbai illustrated.
Our 2025 winners reflect the evolving role of the treasury function: not simply a support service, but now a strategic and trusted business partner driving growth, efficiency and innovation across organisations.
The three shortlisted companies for our prestigious Top Treasury Team Asia award this year are ArcelorMittal Nippon Steel India, Marsh McLennan Companies and Royal Philips. The overall winner will be announced at our celebratory dinner at the Four Seasons Hotel in Singapore on November 10th.
Our Judges’ Choice recognises two impressive nominations. Firstly, Kuaishou Technology in China for a payments solution in Brazil delivered by an all-female treasury team with an average age of just 26, embodying both diversity and a new generation of leadership in global finance. Secondly, IHH Healthcare for an outstanding nomination in our Harnessing the Power of Technology category which includes an innovative automated RFP process. IHH Healthcare were also awarded Highly Commended for a Best Sustainable Treasury Solution nomination.
Our judges were also impressed with the nomination submitted on behalf of Vineet Sood, Executive Vice President, Head of Treasury and Finance, HCL Technologies. His achievements are recognised as our 2025 Corporate Treasurer of the Year with Hannisel Obedicen, Head of Treasury APAC, Inchcape recognised as the Highly Commended Winner. This year’s Rising Star is Lucia Ma, Group Treasurer at Klook, a ten-year-old travel technology startup based in Hong Kong.
We again evidence increased collaboration with a range of banking, fintech and other solution partners in many of this years’ submissions. AI-enabled solutions also feature more prominently than in previous years. Other companies we recognise include Haier as Overall Winner in the Best Cash Management Solution category, DKSH Holding AG in Best Cash Pooling Solution, Grasim Industries in Best Supply Chain Solution and OM Holdings Limited in our Best Funding Solution category.
We have also seen strong evidence of the importance companies continue to place on sustainability as demonstrated by our Best Sustainable Treasury Solution won by Chinachem Group. Elsewhere, our Best Treasury Transformation Project category recognises four treasury transformation journeys with Shell Treasury Centre East (Pte) Ltd awarded Overall Winner; the three Highly Commended winners are Pop Mart International Group Ltd., Pacific International Lines (Private) Limited and Trip.com
Ant Group is Overall Winner in the Harnessing the Power of Technology Solution category and Cuscal Limited in Australia is overall winner in our Best IPO Listing category having raised AUD337m via a listing on the Australia Securities Exchange (ASX).
The country/region specific categories recognise Hitachi India Pvt Ltd, BYD and Thai Union Group PCL in the Best in Class Treasury Solution categories in India, China and ASEAN respectively.
Announcing our winners is the first step in our Adam Smith Awards Asia season that will include a celebratory awards dinner at the Four Seasons Hotel in Singapore on November 10th. We will also produce case studies on all the award-winning solutions, which will be promoted extensively across our digital channels.
The Adam Smith Awards Asia are globally recognised as the industry benchmark for best practice and exceptional solutions in corporate treasury, and this year’s winners are no exception. We look forward to celebrating our winners’ achievements and to bringing our formidable APAC community together once again.
If you missed our winner’s announcement on September 17th, the full list of winners can be found here: treasurytoday.com/asa-asia-winners-2025/
