 Awards for Excellence 2010 |
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| Best Global credit derivatives house: Deutsche Bank | |
| Also nominated: Barclays Capital and JPMorgan |
Deutsche Bank has transformed itself into the new archetype of the credit derivatives trading and sales platform. Less than two years ago it had suffered large losses in its proprietary and structured credit businesses, and its co-head of global credit trading, Boaz Weinstein, had just left the firm. His co-head, Colin Fan, then took full charge and began restructuring the business to suit the upcoming age: a market without CDOs and correlation trading, increased regulation, and a need to generate liquidity with genuine customer business.
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