The world's best risk management house
Awards for Excellence 2002
Deutsche Bank wins the risk management award again this year for the skill with which it has brought structured solutions to corporate and investing customers around the world, such as the $40 billion package of swaps, options and other instruments with which it restructured FleetBoston's interest rate hedging portfolio in 2001. This was one of Euromoney's deals of the year, profiled in the February 2002 edition.
"One of the key factors that differentiates us from the competition is the strength and vigour of our structuring franchises," says Anshu Jain, head of global markets at Deutsche Bank. "We have 200 people at managing director level in a function that is neither sales, trading, nor research but an amalgam of all three. These are organized in interest rate, forex and credit structuring groups that also incorporate tax, accounting and industry skills."
Such skills are much in demand at a time of unprecedented uncertainty and volatility in financial markets. "Our entire derivative business is based on risk avoidance techniques for corporate and investing clients," says Jain. "If spot markets eventually move in line with implied forwards then the need to hedge declines.