Deutsche Bank
Deutsche Bank clinches the title for its leadership across the globe and across asset classes. The German firm is consistently ahead of competitors in equity and credit derivatives and has invested substantially to make sure it is ahead of the rest in potential markets, such as property derivatives.
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| Johan Groothaert |
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| Rajeev Misra |
Johan Groothaert's global investment products group is a strong competitor in the Asian and European markets and is making headway in the U.S., where other European houses are struggling to gain a foothold. The German firm dominates when it comes to equity flow sales, particularly among European institutions. The credit business, run globally by Rajeev Misra, has fully exploited personnel turnover at rival shops this year and has made some big-name hires in all regions. It has also punched ahead while competitors have been under-manned, gaining new clients and pipping rivals to the post with leveraged super senior deals and synthetic ABS trades.
When it comes to less-established derivative markets, Deutsche Bank is also at the forefront. Gareth James's global fund derivatives business makes use of both Xavex, its managed fund platform, and its combination of fixed income and equity structuring knowledge to write capital protection on both fund of funds and single managers. The firm was also the first this year to execute a property swap, between a U.K. real estate firm and an institutional client.
Nominees:
* Citigroup * JPMorgan
* Goldman Sachs * Morgan Stanley
