Awards for excellence - Germany
Best debt house
Best equity house
Best M&A house
Deutsche Bank's chairman, Rolf Breuer, may have missed out last year on the merger with Dresdner Bank he wanted to rationalize its German banking operations, particularly its retail business where returns have been poor. He may have missed out again this year on the hoped-for retail distribution tie-up with Allianz, after the giant German insurer chose instead to pursue a merger with Dresdner Bank. But in wholesale and corporate banking in Germany, Deutsche Bank remains pre-eminent.
In core banking businesses, such as cash management and payments, it is a leading provider to large German companies. It is also a leading provider of risk management and treasury services including foreign exchange. What's more Deutsche remains the bank that German companies are most likely to turn to for debt raising.