The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Awards for Excellence 2012: Best Prime Broker

As hedge fund assets return to pre-crisis levels, banks are increasing their efforts in prime brokerage. Deutsche Bank is already there.

Awards for Excellence 2012

Best Prime Broker: Deutsche Bank

Also nominated: Goldman Sachs and Barclays

Having a prime brokerage relationship is a lot like being married," says Barry Bausano, head of global prime finance at Deutsche Bank. "It is a very entwined relationship connecting you with the client in reporting, execution, finance, platform – and those interdependent relationships tend to be long lasting."

That made it difficult for Deutsche Bank to nudge into the top two before the financial crisis in 2007/08. The bank was winning clients based on its international presence and deep product range but Goldman Sachs and Morgan Stanley were firmly entrenched at the top. When confidence in Wall Street firms was shaken in the crisis, that dominance was undermined, with clients looking for multiple prime broker relationships to spread their risk. Deutsche Bank won most of that diversifying business and, while competitors were licking their wounds, the German bank committed itself to ensuring that it would retain its enhanced market share even after the markets had settled.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree