Bank risk manager of the year: Deutsche Bank

As markets became increasingly jittery in October, Deutsche Bank chose to rein in its exposure - slashing value-at-risk by more than $30 million in three days and demonstrating the benefits of an increasingly liquid portfolio

Stuart Lewis, Deutsche Bank

One of the challenges facing all big banks is how to devolve risk-taking authority to hundreds of trading desks dotted around the world, while still being able to cut exposure quickly. The oil tanker metaphor is often used – it takes a while for these big, complex organisations to change course.

For much of last year, there was little need to put those capabilities to the test. That changed in the