Deutsche Bank Recognized as Best FX Bank in Asia Pacific and Western Europe by Euromoney
(IN BRIEF) Deutsche Bank has been recognized as the best bank for foreign exchange (FX) services in both Asia Pacific and Western Europe by Euromoney. The award, part of Euromoney’s prestigious Foreign Exchange Survey, highlights Deutsche Bank’s ability to innovate and meet evolving client needs across various markets. Ollie Jerome, Head of FX Product EMEA, emphasized how FX services are changing, especially among mid-sized and smaller asset managers in Europe who are seeking more efficient, low-cost solutions. Ashok Das, Head of Global Emerging Markets & FIC Macro Trading Asia, highlighted Deutsche Bank’s long-standing presence in the APAC region and its continued support for clients facing challenges related to inflation and high interest rates. Deutsche Bank’s expertise in regulatory knowledge and market presence contributed to its recognition.
(PRESS RELEASE) FRANKFURT, 28-Sep-2024 — /EuropaWire/ — Deutsche Bank has been named the best bank for foreign exchange in both Asia Pacific and Western Europe by Euromoney, a leading authority in the global financial market. The accolade, part of Euromoney’s annual Foreign Exchange Survey, recognizes Deutsche Bank’s excellence in the wholesale FX market, where it was rigorously evaluated by a panel of industry experts, including representatives from banks, service providers, and buy-side corporations.
Ollie Jerome, Head of FX Product EMEA at Deutsche Bank, highlighted the shifting landscape in the FX market, particularly among mid-size and smaller asset managers. “There’s an increasing demand for semi-customizable, low-cost, and outsourced FX solutions, as regulatory pressures and execution costs rise. Clients are looking for greater efficiency, transparency, and faster execution, and we have positioned ourselves to meet those evolving needs,” Jerome explained.
Ashok Das, Head of Global Emerging Markets and FIC Macro Trading in Asia, emphasized Deutsche Bank’s long-standing presence in the APAC region, dating back to 1872. “We are one of the few banks with an extensive onshore presence across Asia, providing clients with deep regulatory expertise and robust product offerings. As the region grapples with the economic challenges of inflation and high interest rates, our clients continue to look to us for innovative FX solutions that help them manage volatility and reduce risk,” Das stated.
Deutsche Bank’s dual recognition underscores its role as a key player in the global FX market, offering innovative solutions tailored to the evolving needs of clients in both Europe and Asia.
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Publish date : 2024-09-28 01:50:00
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