Deutsche Bank, largest foreign exchange house in Asia

Deutsche Bank has become the largest foreign exchange trading bank in Asia, and globally, according to a major global market share survey undertaken by respected capital markets magazine, Euromoney.

The Euromoney's 2005 survey gathered information from nearly 4,500 wholesale foreign exchange clients globally, including corporate treasurers and fund managers.

According to the results, Deutsche Bank is the pre-eminent foreign exchange trading house in Asia with 17.04% market share. It is well ahead of its local competitors. The Euromoney poll reported Citigroup with an Asian market share of 12.58%, while UBS and HSBC had 11.22% and 10.05% respectively. Deutsche Bank's overall global foreign exchange market share now stands at 16.72%, reportedly four per cent ahead of UBS on 12.47% and more than double that of Citigroup, which Euromoney said is 7.5%.

Chief Country Officer of Sri Lanka, Stefan Mahrdt said: "Deutsche Bank's FX sales and trading desk delivers a wide range of innovative foreign exchange services to local clients in Sri Lanka from research through to trade execution with experts based in country. We aim to bring innovation to clients and work closely with regulators, industry bodies and clients to develop and promote new foreign exchange product and market development."

In the 2005 Euromoney survey, Deutsche Bank ranked in the top four for all Asian currencies in the "best for currencies section", including: Yen (all cross currencies), the Chinese Yuan, the HK dollar, the Singapore Dollar, the Australian Dollar, the Thai Baht, the Korean Won, the New Taiwan Dollar, the Indonesian Rupiah, the Philippine Peso and the Indian Rupee.

Deutsche Bank also received accolades as the leading e-trading proprietary platform, and for the Best Foreign Exchange research house in economic fundamentals.