Euromoney Magazine named Deutsche Bank the "Best Global Investment Bank" for 2009-2010 in its annual Awards for Excellence.
The magazine's editors cited Deutsche Bank's financial performance as a factor in their decision, alongside a successful recalibration strategy that significantly reduced risk without adversely impacting the Bank's ability to serve its clients.
Euromoney said: "What makes Deutsche Bank's performance truly remarkable is that it comes during a period in which the firm has fundamentally transformed its core businesses. No other major global investment bank has chosen to undertake such a transformation and executed it while still producing superior financial results and doing good work for clients."
Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, said: "This award is a clear recognition of Deutsche Bank's swift and thorough reaction to the financial crisis and its adaptation to the post-crisis environment."
Anshu Jain, Head of the Corporate and Investment Bank at Deutsche Bank, and Michael Cohrs, Management Board member and former Head of Global Banking, said: "Our ability to gain market share across the Corporate and Investment Bank while simultaneously reducing risk and positioning for the future is a tribute to our employees and their efforts on behalf of our clients."
In addition to Best Global Investment Bank, Deutsche Bank was awarded Best Global Credit Derivatives House, Best Global Risk Management House and a number of regional and country awards including Best Bank in Germany.
Source: Deutsche BankDate: 14.07.2010
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