PRESS RELEASE
London, 5/7/12:
Santander was named best global bank and Deutsche Bank was awarded the title of best global investment bank at Euromoney’s Awards for Excellence dinner in London tonight.
More than 500 bankers from across the globe attended the dinner at The Brewery in London. Launched in 1992, Euromoney’s Awards for Excellence were the first in the publishing industry to recognise achievement in the global banking industry, and remain the most prestigious accolades for the financial community today.
Santander was named best global bank. The award was collected by Santander’s chairman, Emilio Botín.
Euromoney says of Santander: “We have no doubt that our decision will cause controversy in some quarters. But equally we are certain that our winner is one of the best-run banks in the world, and will continue to confound its sceptics.
“Santander has built a unique and diverse business, spread between developed and high growth markets. In each, its high market share enables the bank to produce not only strong revenues but also industry-leading efficiency.
“These qualities have allowed it to withstand unprecedented turmoil in its home market, but through that turbulence it has not stood still – it was one of very few developed market banks to undertake a growth-driven acquisition in the past 12 months.”
Deutsche Bank was named best global investment bank – the second time the firm has won this accolade in the past three years. The award was presented to Colin Fan, Deutsche’s co-head of corporate banking and securities and head of markets.
“Over the past few years, Deutsche Bank has made more gains in market share than any other investment bank, and it has continued to do so over the past 12 months,” says Euromoney.
“It has scored notable successes in both equity and M&A, winning many new clients, and organically built a real contender in the key US capital markets. It has built on and retained its leadership in sales and trading, all while dramatically dialling down risk.”
Peter Sands, the chief executive of Standard Chartered, was named banker of the year. “Peter has overseen one of the few and great banking success stories of the past five years. Over that period Standard Chartered has doubled both revenues and profits, sticking firmly to its strategy of focusing on the markets of Asia, the Middle East and Africa,” says Euromoney.
“Also, at a time of great challenges for banking, he stands out for his timely and thoughtful interventions on the industry, admitting where mistakes have been made and offering constructive but forceful arguments on how banking can once again be seen as a force for good.”
During the dinner, the banking industry raised £482,595 towards Euromoney’s charity project for 2012, which is to eliminate the disease trachoma in the South Omo region of Ethiopia.
“We are amazed and humbled by the extraordinary generosity of the bankers and institutions that gave so much to this worthy cause. This sum of money will change the lives of thousands of people in one of the poorest regions of Africa. We offer our heartfelt thanks to all of those who donated,” said Clive Horwood, editor of Euromoney, after the event.
About the Awards for Excellence
Euromoney’s Awards for Excellence cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world.
The full list will be live on euromoney.com/awards from midnight. They will also be published in the July issue of Euromoney. Join us on Twitter, @euromoney, to participate in the conversation.
For access to the results, please contact:
Nicola Baker, Euromoney, at +44 207 779 8754 or nbaker@euromoneyplc.com, subscribe online or call our hotline on +44 207 779 8999.