NEW YORK--(BUSINESS WIRE)--Deutsche Bank today announced that the Global Prime Finance business within its Global Markets division received 127 “Best in Class”* and 16 “Top Rated and Commended”** awards, the most among all global prime brokerage providers, in the Global Custodian 2009 Prime Brokerage Survey.

The Survey recognized the Bank’s role as a stable counterparty to hedge funds during the market volatility of 2008. Global Custodian notes one client described Global Prime Finance as: “’Solid as a rock during the financial crisis.’” Global Custodian also recognized the Bank’s commitment to the business: “It continues to invest [in] automated reporting, adding managed accounts (DB X Markets) and introducing analytical tools in stock loan (DB Stock Loan Quant) in the last year alone.”

“For the second year in a row, hedge funds have confirmed that Deutsche Bank is their premier choice for financing solutions,” said Barry Bausano, co-head of Global Prime Finance.

“We appreciate the recognition from our valued hedge fund clients and look forward to building on our existing partnerships with them as the industry rebounds,” said Jonathan Hitchon, co-head of Global Prime Finance.

* Best in Class awards single out prime brokers for excellence in servicing hedge funds in a number categories based on geographic areas, client size, and product functions.

** In order to achieve a global Commended or Top Rating, providers have to be rated in some combination of at least two regions or countries: North America, Europe, Asia-Pacific, Japan, Australia, Canada and South Africa.

About Deutsche Bank

Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,277 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.
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