Courting success



Few of the attendees at Risk’s fifteenth anniversary and awards dinner in New York last March looked quite as pleased as Kerim Derhalli, as he accepted the energy and commodity derivatives house of the year award. After just a year in charge, commodities rookie Derhalli had helped transform Deutsche Bank into a worthy challenger to the dominance of commodity behemoths Morgan Stanley and Goldman Sachs. But it still has some way to go. “In terms of flow we are not yet at the level we want to be,”

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