Poll of polls 2003: All-round strengths give Deutsche the edge

DEUTSCHE BANK WAS the best overall performer in Euromoney's major surveys in 2003. It has the best balance of all-round strengths across the major business segments covered by the Poll of Polls, although in this year's review the bank trails in ninth place for mergers and acquisition business behind American and Swiss rivals.

This result combines performance in Euromoney surveys in 2003 with Dealogic data for outstanding bid volumes as of the start of December 2003.

Deutsche tops this year's advisory and underwriting sections, and has top-five places in 17 other categories, including nine first places. The bank won one out of every five of all the 369 topics that comprised Euromoney's five main surveys of investment bank clients (foreign exchange, credit research, capital raising, risk management, and cash management).

The group was ranked second only to Citigroup by Dealogic for bond book running, and in the same period was the top global equity coordinator. It won four out of the five high-yield credit research categories in Euromoney's most recent credit research survey, and its asset-backed research supports its current position as the leading asset-backed securities house.