Deutsche Bank wins Euromoney award on Viet Nam gains
Strong business in Viet Nam contributed to Deutshe Bank’s recent award as Best Cash Management House Asia and Best Debt House Asia by Euromoney magazine in its recent Awards for Excellence, the bank has announced.
The bank cited its success in winning cash management business in the country for entities such as Mai Linh Corp and executing landmark and innovative debt transactions for Electricity of Viet Nam and Vinashin.
Lawrence Wolfe, chief country officer of Deutsche Bank Vietnam, said the Euromoney regional awards were well recognised by industry players and clients alike and that Viet Nam had been a major factor in Deutsche Bank’s growth in Asia.
"When handing out such regional awards, the editors of Euromoney look at the strength of an organisation across all geographies in Asia. The fact that Deutsche Bank Vietnam could point to substantial new cash management business in Viet Nam and execution excellence in landmark debt capital raisings for large Vietnamese corporations was very important."
Thomas DuCharme, regional head of Global Transaction Banking, Asia Pacific, Deutsche Bank, added: "This cash management award recognises our in-country expertise and ability to provide highly customised solutions to our clients in Viet Nam and across 16 markets within the region. It’s an endorsement of our client-focused approach which should serve us well as we compete for new business in Viet Nam."
Rahul Mookerjee, head of issuer and investor coverage Asia, said: "Deutsche Bank has a proud history of bringing Vietnam issuers to international investors and thereby securing a competitive cost of funding. To win consecutive Best Debt House Asia awards from Euromoney shows that Deutsche Bank has consistently outperformed its peers in debt capital raising in the region." (VnEconomy, Vietnam News)
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