Best at risk management
Deutsche Bank is a dominant player in each area of risk management that has kept corporate treasurers, hedge fund traders and more traditional investors on their toes in the past 12 months. Whether in interest-rate products, foreign exchange or commodities, Deutsche is a top-tier player, and no other firm can lay claim to the breadth of relationships and scale of business globally in all three.
It was a top-two ranked player in several foreign exchange derivatives categories in Euromoney?s FX poll in May, as well as being the top FX bank for hedge funds. For its corporate clients in foreign exchange the bank has developed a range of structured tailor-made solutions to allow clients to reduce their cost of buying protection from currency movements, many using knock-in forwards, range bonus forwards, chooser options, ladder swap concepts, or even a combination of them. And it can do so in size. Deutsche Bank executed a $15 billion hedge for just one client earlier in the year.
Interest-rate risk has kept corporates busy as well, and Deutsche has been an active structurer and adviser for companies faced with tough capital structure choices in an environment where both steep yield curves and low interest rates pertained as they did in 2003.