Deutsche bank named bank of the year
FRANKFURT: German financial institution Deutsche Bank has been recognised as the Bank of the Year 2010 by International Financing Review (IFR).
The magazine's editors singled out the bank's investment banking arm for particular praise, and lauded the firm's continuing developments in retail and commercial banking.
Furthermore, International Financing Review's editors paid tribute to the performance of the private bank and wealth management divisions and stated that Deutsche Bank had enjoyed tremendous success during the last 12 months.
Dr. Josef Ackermann, Chairman of the Management Board and of the Group Executive Committee, welcomed the prestigious award, stating that to receive it for the third time since 2003 was an outstanding achievement.
Dr. Ackermann went on to say that Deutsche Bank had transformed itself into a leading global investment bank and expressed the firm's deep gratitude to the clients, shareholders and employees who made the firm's success possible. - PB News