Deutsche bank named bank of the year

The Pak Banker - - Company& -

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

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