Millennium BCPFollowing its creation by the merger of of Banco Comercial Portugues, Nova Rede, Atlantico and Sottomayor brands in 2003, Millennium bcp has been determined in implementing its strategic agenda, based on capital discipline and with a focus on the domestic retail market in Portugal, Poland and Greece.
Citigroup Global Transaction Services caught the judges’ attention last October when it acquired ABN AMRO’s direct custody, securities clearing and fund services businesses in eight Asian and European markets. These included India, Indonesia, South Korea and Taiwan.
CIBC Mellon, part of the Mellon Group, caught the judges’ attention when it won the largest piece of business in its history. Manulife Financial Corporation appointed it as sole custodian for its general, segregated and mutual funds in Canada.
Deutsche Bank’s restructure of its Global Transaction Bank (GTB) last year showed its commitment to building a long-term, secure position in the sector. GTB comprises corporate and financial institutions coverage across cash management, trade finance and trust and securities services.
RBS impressed the judges with the speed and development of its securitisation offering. Its business has grown at a faster rate than any other player’s. In terms of league tables, RBS ranked top in Europe for the first half of 2005, up from the previous year and 10th the year before that.
Deutsche Bank’s securitisation team has performed outstandingly in the past year. The bank has been a leading regional pioneer, advising on Taiwan’s largest real estate securitisation whose senior beneficiary certificates were rated AAA by Fitch.
Morgan Stanley holds the top spot in league tables as the dominant M&A player in Europe. In terms of net debt of target and numbers of deals, it squeezes ahead of the number two contender. In a tightly contested race, the judges awarded Morgan Stanley the crown.
Innovation has been the key to Deutsche Bank’s offering in the past year and the judges were particularly impressed by its launch of tradeable currency indices, which have long been a feature of equity and bond markets but have only recently become popular in the currency markets.