In our latest ‘Q&A with’ we speak with David Leigh, Head of European FX, who covers the team’s response to industry challenges in 2022, focusing on client partnerships that led to their recognition as the ‘Best Global FX Provider’ in 2023 by Euromoney.
O1: In 2022, macro challenges accumulated in the industry in a way that we have not seen for decades, culminating in a high degree of uncertainty. How did the FX team navigate the year and what can you tell us about progress?
A: 2022 was a tumultuous year in markets, but I believe we have underlined what distinguishes our bank in particular: in challenging times, clients look to banks like Deutsche Bank to help hedge their risks, maintain their liquidity and for trusted advice regarding strategic investment opportunities. We have considerably accelerated our progress in emerging markets (EM), striving to give clients the tools they need to make informed decisions. In particular, we provided clients with an EM currency handbook that covers more than 30 currencies - including local market structure and the regulatory backdrop - and have expanded our coverage into EM frontier markets with a new frontier valuation and market driver monitor. The new monitor covers ten currencies across central Asia & Sub-Saharan Africa, and spans eight variables across valuation, policy, credit and liquidity.
Q2: You were recently awarded 'Best Global FX Provider’ by the Euromoney publication. What does it mean for Deutsche Bank to be recognised?
A: At Deutsche Bank, our clients are at the heart of everything that we do. Our continued investments across bespoke solutions, industry engagement, technological advancements and building a truly global footprint have enabled us to stand by our clients all over the world – providing robust and reliable pricing even the most difficult market conditions. As we continue to expand into even more emerging markets around the world, we look toward to embarking on new relationships while continuing to serve our existing customers. I am excited to see what the future has in store.
Q3. How important is the partnership that Deutsche Bank has with its clients?
A: Without the continued support of our clients, award wins would not have been possible. Our partnership approach allows us to be a lot more intimate with clients - and so much more than just a price provider. It allows us to curate a deep understanding of the clients' business needs and objectives, which, in turn, leads to greater insights and better decisions. This approach, in combination with our sustained investment in technology, has enabled them to execute faster, smarter and in a way that is tailored to their bespoke needs.
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In our latest ‘Q&A with’ we speak with David Leigh, Head of European FX, who covers the team’s response to industry challenges in 2022, focusing on client partnerships that led to their recognition as the ‘Best Global FX Provider’ in 2023 by Euromoney.
O1: In 2022, macro challenges accumulated in the industry in a way that we have not seen for decades, culminating in a high degree of uncertainty. How did the FX team navigate the year and what can you tell us about progress?
A: 2022 was a tumultuous year in markets, but I believe we have underlined what distinguishes our bank in particular: in challenging times, clients look to banks like Deutsche Bank to help hedge their risks, maintain their liquidity and for trusted advice regarding strategic investment opportunities. We have considerably accelerated our progress in emerging markets (EM), striving to give clients the tools they need to make informed decisions. In particular, we provided clients with an EM currency handbook that covers more than 30 currencies - including local market structure and the regulatory backdrop - and have expanded our coverage into EM frontier markets with a new frontier valuation and market driver monitor. The new monitor covers ten currencies across central Asia & Sub-Saharan Africa, and spans eight variables across valuation, policy, credit and liquidity.
Q2: You were recently awarded 'Best Global FX Provider’ by the Euromoney publication. What does it mean for Deutsche Bank to be recognised?
A: At Deutsche Bank, our clients are at the heart of everything that we do. Our continued investments across bespoke solutions, industry engagement, technological advancements and building a truly global footprint have enabled us to stand by our clients all over the world – providing robust and reliable pricing even the most difficult market conditions. As we continue to expand into even more emerging markets around the world, we look toward to embarking on new relationships while continuing to serve our existing customers. I am excited to see what the future has in store.
Q3. How important is the partnership that Deutsche Bank has with its clients?
A: Without the continued support of our clients, award wins would not have been possible. Our partnership approach allows us to be a lot more intimate with clients - and so much more than just a price provider. It allows us to curate a deep understanding of the clients' business needs and objectives, which, in turn, leads to greater insights and better decisions. This approach, in combination with our sustained investment in technology, has enabled them to execute faster, smarter and in a way that is tailored to their bespoke needs.
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