Deutsche Bank in the Middle East ranked number 1 in Euromoney's FX survey

Dubai - 20 May 2013

In the Middle East, clients have acknowledged Deutsche Bank’s leading position in FX by ranking the bank No.1 with 16.15% of overall market share.

This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution systems as well as the continued focus on providing innovative solutions to clients’ problems.

Overall Deutsche Bank has been ranked No.1 in Euromoney’s annual foreign exchange survey for the ninth consecutive year with 15.18% of overall market share. The industry benchmark survey result demonstrates the bank’s consistent delivery of best-in-class products and client service.

Ashok Aram, Deutsche Bank’s Chief Executive Officer for the Middle East and North Africa region said, "This result reflects Deutsche bank’s strong commitment to the FX business in the Middle East. We have experienced record volumes in FX quarter upon quarter, despite a much less volatile period in the markets for much of the past year."

Deutsche bank’s Global head of Foreign Exchange, Kevin Rodgers said, "A great deal of this year’s success can be attributed to the significant investment that we have made in upgrading all our pricing and distribution systems as well as the continued focus on providing solutions to our clients’ problems. In a time of change for the FX industry, Deutsche is investing in its FX business in order to lead the industry to the benefit of our clients."

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