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. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for Excellence 2015: Best global flow house

Deutsche Bank’s flow business remains the crown jewel of its investment bank and a true global competitor that continues to build share in key markets.

Best global flow house:

Deutsche Bank


Also shortlisted:

View more 2015 awards

Sales and trading at the world’s biggest investment banks is facing a perfect storm. The long-term headwind is the amount of capital these firms need to hold to provide liquidity to their clients. The biggest storm of the last year has been the billions of dollars of fines handed out to many of those banks in the rates and foreign exchange markets.

Flow businesses, for so long the main driver of many investment banks’ profitability, are challenged. And if you listened to many of its competitors, the bank that faces the biggest challenge of all is Deutsche Bank. That noise intensified when the architect of its markets business, Anshu Jain, stepped down as group co-CEO in June.

But block out that noise for a moment and look at the reality of Deutsche’s flow business. With the likes of Barclays, UBS and Credit Suisse all sounding a retreat, it is the only non-US firm competing on a global scale.

“The biggest structural change for the markets is balance sheet optimization and the inability to do large risk aggregation.

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.


Unlimited access to and

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


Unlimited access to and, 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


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