Deutsche Bank Asia Pacific named 'Bank of the Year' 2007

Deutsche Bank received one of the highest industry accolades in Asia, being named 'Bank of the Year' 2007 by International Financing Review Asia (IFR Asia). This is the second time in three years that Deutsche Bank Asia Pacific has been awarded IFR Asia's 'Bank of the Year' in its annual review, having won the award in 2005.

"Deutsche Bank has grown massively while still retaining a spirit for experimentation and creative banking," said IFR Asia editor, Jasper Moiseiwitsch "It has the brains...and the brawn.... It has trading floors in every Asian market of significance and it will be the bank to beat for many years to come."

He said: "In gross league table terms, across all assets (bonds, loans, equity and equity-linked), across Asia Pacific ex-Japan, the bank has seen deal flow rise 2 1/2 times since 2002."

Chief Executive Officer Deutsche Bank Asia Pacific, Colin Grassie said, "To receive IFR Asia's Bank of the Year 2007 Award is significant and valued recognition of the innovation and excellence our 14,000 staff across Asia Pacific strive to deliver to clients." IFR Asia also awarded Deutsche Bank Asia Pacific: Best Derivatives House Asia; Best Derivatives House - Equities; Best Derivatives House - Fixed Income and Commodities, and Best Australia/New Zealand Securitisation House in its 2007 awards.

In its award overview, IFR Asia broadly recognised Deutsche Bank for its ability to execute some of the region's most sophisticated trades; the speed with which the bank innovated upon regulatory change in China and India; its league table presence and Deutsche Bank's strength in certain products, including bonds and convertible bonds.

Deutsche Bank was also a key factor in five deal-of-the-year awards, including: Best Vietnam Capital Markets Deal (Vinashin Bond); Best Singapore Capital Markets Deal (DBS bond); Best Macau Capital Markets Deal (Melco PBL Gaming Macau financing); Best Syndicated/Leveraged Loan (Tata Steel's financing backing its acquisition of UK-based Corus Steel); and Best Investment Grade Bond (ICICI three-tranche bond).