Euromoney, the international business and financial magazine, recognised Deutsche Bank as “Best Global Bank 2011,” at its annual Awards for Excellence ceremony on Thursday evening in London.
In citing Deutsche Bank for Euromoney’s top honour, the magazine’s editors said, “What’s most remarkable about Deutsche is that it has been posting excellent returns at a time of huge change in every single part of its business. And these changes look like they will stand the bank in very good stead as banking recalibrates to a post-crisis, Basel III world.”
Dr. Josef Ackermann, Chairman of the Management Board and of the Group Executive Committee at Deutsche Bank, accepted the award and said, “For all of my colleagues, this award validates the work we have done in the last few years to successfully transform Deutsche Bank. Since 2008, we have fundamentally recalibrated our corporate and investment bank and, in our private clients business, we seized opportunities to make game-changing acquisitions. To see this work recognised by Euromoney is very gratifying indeed.”
Euromoney bestowed over 20 other awards on Deutsche Bank, including: Best Global Emerging Market Debt House, Best Global Debt House, Best Global Flow House and Best Bank Germany.