Top awards 2007
Nobody does it better - If investment banking is about making money for your shareholders, Goldman Sachs is clearly the outstanding bank of 2007. But if it is also about servicing clients on both buy and sellside and providing the best advice and the most innovative deals, then Goldman again has much to boast about. Goldman Sachs is IFR’s Bank of the Year for the second year running.
Across the universe - Few houses crop up in virtually every conversation regarding bonds, no matter where in the world it is held or what asset class is under discussion. Deutsche Bank is one of those few, boasting a stunning breadth of business stretching from high-grade to high-yield and mainstream to emerging currencies. It is IFR’s Bond House of the Year.
BRIC building - In 2007, the ECM landscape shifted as BRIC markets came of age. China became the world’s most active equity market, while Latin American issuance surged and Russia provided the buzz in Europe. For its dominant and pioneering position in the year’s most relevant and exciting markets, UBS is IFR’s Equity House of the Year and Asia-Pacific Equity House of the Year.
Strength in adversity - In what has been a difficult year, geographic and product diversity have been hugely advantageous. Citi’s unparalleled reach and execution ability have allowed the bank to consolidate its strong global loan market position, leaving it as the only full-service lender that can claim leadership across all regions. Citi is IFR’s Loan House of the Year. It also wins the awards for best loan house in the Asia-Pacific, Europe and Latin America.
Shrugging off sub-prime - No bank came through the most trying year for securitisation since the product’s invention unscathed. But Deutsche Bank’s breadth of product and geography meant that it was able to withstand the bad times better than its peers. It also continued to add innovation and provide liquidity, even during the darkest times and is IFR’s Global Securitisation House of the Year.
Supporting clients - The business model of transforming investor products and liability management with derivatives was challenged in 2007. For developing novel synthetic applications across asset classes, while supporting clients in a year of unprecedented turmoil, Deutsche Bank is IFR’s Derivatives House of the Year. It is also Interest Rate and Equity Derivatives House of the Year.
Swiss on a roll - In 2007 the global leveraged finance market went from boom to bust. Vast amounts of excess liquidity in the first half – which meant even the most aggressive deal was possible – soon dissipated, leaving major underwriters nursing long positions. Credit Suisse’s market-leading innovation, focus on execution and strong investor relationships meant it was able to maintain its business while others were left standing. It is IFR’s Leveraged Finance House of the Year.
Best of both worlds - The ability to sell securities while avoiding regulatory scrutiny has transformed how companies raise capital by offering increased speed and efficiency. But until now there have been no guarantees that an issuer might not accidentally pierce the veil of privacy. Goldman Sachs’ proprietary listing platform, GSTrUE, addressed that concern, and is IFR’s Innovation of the Year.
Structured Finance awards
Emerging Markets awards
Structured Equity awards
IFR awards Foreword
The past 12 months were the most interesting and challenging time for the banking industry for many years. But it is in such times that the investment banking industry really earns its money. Anybody can sell a bond deal or an IPO when the market is always going up. It takes brains, good judgment and maybe even a bit of courage to do so when times are hard.