Deutsche Bank’s expertise in China‘s currency, the Renminbi (RMB), was last night hailed as the industry’s best by Asia Risk magazine, which awarded the bank the coveted title of “RMB House of the Year Award 2016”.
Since the beginning of RMB internationalisation, Deutsche Bank has led a number of market firsts; the first bank to transact a CNH cross-currency swaps, as well as FX swaps and forwards. Today the bank provides a diverse range of onshore and offshore RMB solutions right across its platform, from equities, FX, fixed income, to asset management tracker funds and cash management, reflecting a true house approach to RMB.
Deutsche Bank’s Head of Global RMB Solutions Evan Goldstein said, “We are delighted to be named RMB House of the Year, and recognised for the market leading RMB solutions we deliver to corporates and financial institutions. We will continue to innovate and support our clients as they navigate the challenges posed by this low interest rate world.”
Asia Risk editor Aaron Woolner acknowleged Deutsche Bank’s RMB flows and structuring expertise, crediting the bank’s insight and skill in RMB.