Best bank - Deutsche Bank
Best debt house - Deutsche Bank
Best equities house - UBS
Best M&A house - JPMorgan
Best at risk management and treasury - UBS
Best at cash management - Deutsche Bank
Best at custody - JPMorgan
Deutsche Bank wins the best bank in western Europe
award this year for its commitment to European corporates and
institutions and its expertise across the board in investment
and commercial banking.
Since Josef Ackermann took the helm last year, the bank has been
steadily improving, shrinking costs while still managing to grow
the businesses in which it wants to work. Earlier this year, it
sold its securities services business, its passive asset management
funds and its late-stage private-equity portfolio as part of its
decision to refocus. It completed a share buyback programme in
early 2003 and, through selling non- core assets, increased its
tier 1 capital ratio to 9.6%.
Deutsche has a bond...
