OUR EVALUATION CRITERIA

The evaluation criteria for each of our awards are designed very specifically to be able to capture quantifiable insights, but predicated by a “Belief Statement” that captures what we are looking for.

Each Belief Statement can be broken down into its “Elements” so that candidates will know exactly what we are looking for and how much weightage we give to each of them. Each of the “Elements” are supported by quantifiable data, some which are specific financials and others which are proxies for conceptual areas, and we add them all up into a scorecard.

The scorecard is useful for many purposes. It attempts to be as objective as it possibly can be, and transparent so that it gives us the opportunity to discuss with the different participants what we thought we understood. From this, we are also able to subsequently draw up GAP analysis that can be used in any benchmarking exercise.

1. The Leadership Achievement in Wealth and Society Project Awards

To recognise individuals who invest and deploy their wealth in ways to bring about positive impacts on the society that they operate in.

We believe that the wealthy have an important role in the development of society. Around the world opportunities for wealth are being created in new ways. The growth of wealth in different societies can be a force for good. The wealthy can have a positive impact on the sustainability and progress of the societies that they are in. We measure wealth not by the people who are wealthy but by the people who are useful to the society they operate in.

This is perhaps the most prestigious of the achievement awards, as it recognises those who have distinguished their reputations, skills and achievements over a lifetime, setting the benchmark from which we assess others who distinguish themselves on current achievements.

The criteria by which we assess candidates for this award are:

• Time spent in their respective industry, career, profession and impact therein.
• Assess the candidate’s achievements relative to as well as over and above of their peers.
• We assess the performance of project(s) for which the candidate spend time with that demonstrated leadership in terms of achievement based on the following balanced scorecard.

2. SME Entrepreneur of the Year Award

Successful entrepreneurs create wealth in society and often require tailored financial solutions from SME banking units or alternative finance sources. We believe that innovative SMEs that are well run should be recognised for their contribution to society and their building of impact businesses that are not only transforming the lives of those in the wider community, but serve as an inspiration to others.

SCORECARD

3. The Business Achievement in Wealth and Society Awards

To recognise institutions that through their value/principle, expertise, experience and infrastructure enable their clients to invest and deploy their wealth in ways to bring about positive impacts on the society, while at the same time making a positive financial return on investments.

We believe that the best institutions are able to understand and look after the client's personal aspiration as well as family and business interests through their entire life and social cycles through integrity, exceptional service, a deep empathy of the client's needs through segmentation and other analytics, superior and timely product innovation resulting in the preservation and expansion of the client's wealth in their lifetime.

4. The Product and Service Achievement in Wealth and Society Awards

To recognise products and services that are highly customised and tailored to high and ultra-high net-worth clients, aspirational, risk diversified, innovative and offer superior performance to enable clients to achieve a positive financial return on investments or meet their lifestyle goals.

We believe that the best products and services in wealth and society are aligned to high and ultra-high net worth clients’ personal investment philosophy and objective and enable them to achieve their financial and lifestyle needs by meeting their risk profile and investment objectives, as demonstrated by a strong wallet share of the assets and liabilities of the client and his/her family.

The criteria by which we assess candidates for this award are:

• Tailored products and services
• Key features and functionality of products
• Risk weighted return of the product (if applicable)
• Product level profitability and product AUM/size/volume
• Degree of product and service innovation
• Customer satisfaction of high and ultra-high net-worth clients