Bank risk manager of the year: Deutsche Bank

It was a busy year for risk managers at Deutsche Bank, who navigated fixed-income and foreign exchange turmoil, while continuing to squeeze the risk of the bank's unwanted assets and overhauling its value-at-risk framework

Stuart Lewis, Deutsche Bank

There was something resembling an argument at Deutsche Bank in February last year, when a group of senior traders, strategists and risk managers in the corporate banking and securities (CB&S) division held one of their regular, fortnightly meetings. Analysts at the bank believed the US Federal Reserve Board would rein in its bond-buying programme sooner rather than later – not a consensus view – so the question was whether, when and how to hedge.

The resulting debate was lively, says David