|BEST BANK: Commonwealth Bank of Australia
BEST EQUITY HOUSE: UBS
BEST DEBT HOUSE: Deutsche Bank
BEST M&A HOUSE: UBS
Although CBA is a full-service bank covering wholesale, corporate, SME and retail markets, it excels in retail banking, being one of the largest providers of mortgage finance in Australia. It has also begun to invest overseas, most notably in China in the 12 months under review, where it purchased a 19.9% stake in Hangzhou City Commercial Bank and entered into a fund management joint venture through its asset management arm, Colonial First State Global Asset Management, with Cinda Asset Management Company, one of the four state-controlled asset managers.