Deutsche Bank named World’s Best FX Bank in industry-leading awards for the second year in a row

Today, Euromoney announced that Deutsche Bank is the World’s Best FX Bank in this year’s FX Awards, for the second year running.  Widely acknowledged as the leading accolade across the industry, the award affirms Deutsche Bank’s enduring dominant position in the globally competitive foreign exchange market.

Click here for the full Euromoney write up.

Deutsche Bank has a longstanding, powerful FX franchise that operates across markets and client types, covering the vast majority of currency pairs, including across more EM and illiquid pairs than any other bank. In total, it provides electronic and voice coverage for 1,096 tradeable currency pairs and crosses, a number that continues to grow. It operates out of more than 40 countries, giving it one of the broadest geographic footprints in the industry.

In addition to the World’s Best Bank for FX, Deutsche Bank scooped the top spot across multiple categories:

• Germany’s Best FX Bank
• Europe’s Best FX Bank
• Asia-Pacific’s Best FX Bank
• World’s Best Bank for FX as a Service
• World’s Best Bank for FX Forwards
• World’s Best FX Bank for Hedge Funds

Ram Nayak, Co-Head of the Investment Bank and Head of Fixed Income & Currencies, said: "This recognition reflects the strength of our FX franchise and the dedication of colleagues across the bank who support our clients every day. FX is central to our Global Hausbank strategy, combining deep expertise, disciplined execution and global connectivity to help clients manage risk and seize opportunities."

Ollie Jerome, Head of FX Europe, said: "Our FX platform is built around what clients need: insight, liquidity, execution quality, workflow efficiency and trusted partnership. Through offerings such as HausFX, we are continuing to make Deutsche Bank’s FX capabilities more modular, scalable and easier for clients to access. This is exactly what the Global Hausbank strategy is about — bringing the best of Deutsche Bank to clients wherever they do business."

The Euromoney Foreign Exchange Survey has been a respected benchmark in the wholesale FX market for more than four decades.  This year, a panel of industry experts representing banks, providers, and buy-side corporations rigorously evaluated contenders against a range of measures.