Deutsche Bank Secures Top Global and German Awards in Euromoney’s Excellence 2024
(IN BRIEF) Deutsche Bank has been honored with the title of “World’s Best Bank for Corporates” in Euromoney’s Awards for Excellence 2024, while also being recognized as the “Best Bank for Corporates in Germany” and the “Best Investment Bank in Germany.” These accolades highlight Deutsche Bank’s leadership and successful long-term strategy in increasing revenues and maintaining cost discipline. The bank’s Global Hausbank approach, initiated by CEO Christian Sewing, has bolstered its strengths, particularly in serving large corporate and Mittelstand clients. Key executives, including Fabrizio Campelli and David Lynne, attribute this success to their comprehensive global network and unwavering client focus. The awards were accepted at a ceremony in London, emphasizing Deutsche Bank’s prominent role in global and domestic markets.
(PRESS RELEASE) FRANKFURT, 19-Jul-2024 — /EuropaWire/ — Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB), Germany’s leading multinational investment bank and financial services company, announces that it has been honored with the title of “World’s Best Bank for Corporates” in Euromoney’s Awards for Excellence 2024. In addition to this global accolade, the bank was recognized as “Best Bank for Corporates in Germany” and “Best Investment Bank in Germany.”
These awards affirm Deutsche Bank’s status as a leading financial institution not only in Germany and Europe but also on the global stage. The recognition underscores the bank’s successful long-term strategy, which focuses on increasing revenues while maintaining disciplined cost management. This momentum solidifies Deutsche Bank’s position as a Global Hausbank, dedicated to supporting clients through their transitions.
Euromoney highlighted the impact of Deutsche Bank’s strategic transformation led by Christian Sewing five years ago, which established a new Corporate Bank. This approach leveraged Deutsche Bank’s strengths, particularly benefiting large corporate and Mittelstand clients, and resulted in the Corporate Bank becoming the most profitable division of the group last year.
Fabrizio Campelli, Head of Corporate Bank and Investment Bank, commented: “Our Global Hausbank strategy is about delivering the full spectrum of our services to our clients. This transformation has created a resilient and sustainably profitable Deutsche Bank. These awards reflect our success and our unwavering commitment to putting our clients at the center of everything we do.”
David Lynne, Head of Corporate Bank at Deutsche Bank, added: “This recognition highlights the strength of our global network and our commitment to the enduring success of our clients worldwide. It’s a testament to our Global Hausbank philosophy, which aims to be the preferred financial partner for our clients both domestically and internationally.”
Regarding Deutsche Bank’s recognition as “Best Investment Bank in Germany,” Euromoney noted the bank’s impressive performance in Dealogic rankings, driven by strong revenues across debt and equity capital markets, M&A, and loans.
Julian Schoof, Head of Investment Bank Coverage DACH at Deutsche Bank, expressed gratitude: “We are honored to be recognized again as the leading investment bank in our home market. This achievement is due to the dedication of our colleagues and the trust of our clients.”
The awards were accepted at Euromoney’s Awards for Excellence ceremony in London by JP Gillmann, Global Head of Corporate Coverage, Panos Stergio, Global Head of Institutional Client Group, Julian Schoof, and David Feldmann, Head of Institutional Client Group EMEA and Head of Markets in Germany, Austria, and Switzerland.
Established in 1992, Euromoney’s Awards for Excellence were the first of their kind in the global banking industry and continue to be the gold standard. An editorial panel of judges determines the awards through a rigorous three-month research and interview process. Over 600 banks from more than 100 countries compete annually, making it the most comprehensive program in the industry.
Heinrich Frömsdorf
Deutsche Bank AG
Media Relations
+49(69)910-47680
heinrich.froemsdorf@db.com
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First published in this link of EuropaWIRE.
