Deutsche Bank has been voted Derivatives House of the Year by International Financing Review magazine in its annual awards as well as Interest Rate Derivatives House of the Year, Investment Grade Corporate Bond House of the Year, Covered Bond House of the Year and European Loan House of the Year. This is the fifth time since 2004 that Deutsche Bank has won IFR’s Best Derivatives House award, the most coveted in the derivatives industry.

Additionally, in the IFR Asia awards, Deutsche Bank was named Bond House of the Year and Derivatives House of the Year.

Earlier this year, it won the equivalent award from Euromoney magazine in its annual awards for excellence. Last week, Deutsche Bank was also voted Hedge Fund Derivatives House of the Year by Risk magazine.

In its write up on the Derivatives House award, IFR said Deutsche Bank had faced a “huge task” this year but that it had “emerged from the turmoil stronger than ever". “Few banks escaped the carnage of 2008 with their derivative businesses intact,” the magazine said. “But while some ran for the exits, Deutsche Bank proved that, in spite of its size, it remains one of the most agile houses on the street.”

“The bank’s ability to dust itself off and restructure its entire business during a period of massive upheaval for the derivatives business through the worst of the crisis was impressive,” said IFR. “It did this on a scale much bigger than any other house.”

The magazine also complimented Deutsche Bank on the seamless reorganisation of its business model which saw a major shift away from complex products and prop trading to flow business and client solutions, and the creation of a multi-asset structuring team.

The consistent service provided to clients by Deutsche Bank and its sensitive approach to collateral requirements were also cited. “Through the worst of the crisis, Deutsche was one of just a couple of banks that were able to offer liquidity across all products and all regions,” IFR said.


Additional information:
Awards for Deutsche Bank Group