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CFI.co Spring 2020

Page 89

Spring 2020 Issue

> MITSUBISHI UFJ FINANCIAL GROUP: BEST INVESTMENT BANKING SERVICES JAPAN 2020 Tokyo-based Mitsubishi UFJ Financial Group (MUFG) is one of the world’s largest bank holding and financial services companies. The group stands tall, with a 360-year history of financial expertise. In 2018, it embarked upon a structural reform process under the Re-Imagining Strategy to increase its market adaptability and promote sustainable growth. MUFG has detailed how it intends to hone its competitive edge with 11 transformational initiatives; there is an overarching focus on beefing-up digital technologies. The group shows strong corporate citizenship, and is committed to customer service and societal needs. Over the past three years, it has issued green and social bonds worth $2.7bn. Proceeds from its seven green bonds

support environmental projects in fields such as renewables and energy efficiency. Its social bond proceeds allow progress in affordable housing, health and education. MUFG has taken an integrated, group-based approach to deliver a range of investment, assetmanagement, and inheritance services via a network that covers 50 countries. The group has about $2.8tn in assets under management, and implements tight capital control and effective risk governance across its network of commercial, trust and investment banking subsidiaries. The CFI.co judges were unanimous in declaring Mitsubishi UFJ Financial Group as winner of the 2020 award for Best Investment Banking Services (Japan).

> AIB IN NORTHERN IRELAND (FORMER FIRST TRUST BANK): BEST BANK REBRAND EUROPE 2019 Formerly trading under the name First Trust Bank, the institution has entered the final stage of rebranding and officially adopted its new moniker. First Trust Bank was created in 1992, providing a wide range of financial products and services to help customers achieve their dreams and ambitions. The bank covers the Northern Ireland market for its parent company, Allied Irish Banks (AIB), one of the top four Irish banks, with headquarters in the Republic and a strong presence in Great Britain. Over the past several years, AIB Group has invested £10m in transforming AIB in Northern Ireland, enhancing its products, services and digital capability and thereby improving the customer experience. The AIB team in Northern Ireland has responded with energy and enthusiasm to the synergies brought about by the rebrand, as well as a

commitment to compliance and customer care. Team members participate in regular strategic sessions to discuss both the direction of the company and its driving motivations. Customer-centricity is paramount and every aspect of the rebrand has been considered from the client perspective to create the smoothest transition possible. Along with the name change and some aesthetic updates to the bank’s digital banking platforms, clients can expect uninterrupted service. As AIB Group unites its three main markets under a single, revitalised brand identity, AIB (NI) harnesses the power of the group to better serve its customers. The CFI.co judging panel applauds the bank’s customer-focused consistency and declares AIB in Northern Ireland (formerly First Trust Bank) as the winner of the 2019 Best Bank Rebrand (Europe) award.

> MCKESSON: BEST PHARMACEUTICALS DISTRIBUTOR NORTH AMERICA 2020 The McKesson story began over 180 years ago when it became one of the first importers and distributors of wholesale drugs and chemicals in North America. The company has a long-standing tradition of customer-centricity, first peddling therapeutic tinctures and tablets from covered wagons across the US in the 1800s and eventually building a pharmaceutical distribution network that covers the nation. Around a third of America’s medication passes through McKesson’s network each day, contributing to the $208bn in revenue reported for the 2018 fiscal year. The company’s core business focuses on healthcare distribution and technology solutions. McKesson maintains 27 pharmaceutical distribution centres strategically located across the US to ensure seamless delivery of life-saving drugs, surgical and medical supplies and solutions for specialised practices. The company has

developed strong relationships with suppliers and is a trusted partner of hospitals, clinics, and pharmacies at every level, from national retail chains to independent community dispensaries. McKesson boasts a heritage of pioneering healthcare influence, helping to shape the direction of the industry and set standards for the supply chain. Its facilities are equipped with advanced technology to unlock efficiency and increase automation, but the company pledges to never sacrifice the human element in favour of high-tech automation. As the link between drug manufacturers and pharmacies, McKesson moves not only product but also knowledge, helping pharmacists to provide the best patient care possible. The CFI.co judging panel declares McKesson as the 2020 winner of the Best Pharmaceuticals Distributor (North America) award. CFI.co | Capital Finance International

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