Private credit – a rising asset class explained - flow – Deutsche Bank

Deutsche Bank has consolidated its position as Asia Pacific's leading fixed income provider, capturing top rankings across multiple critical disciplines in The Asset Benchmark Research annual survey. The firm secured first place for Flow House, Flow Trading, and Flow Strategy—the core competencies institutional investors evaluate when selecting execution and advisory partners in regional markets. The survey polled over 900 institutional investors across G3 and local currency bond markets, providing a robust data foundation for the rankings.

The strength of Deutsche Bank's rankings reflects a fundamental shift in institutional investor priorities within Asian fixed income markets. As these markets become increasingly fragmented and complex, clients are no longer satisfied with transactional execution alone. Instead, investors are seeking integrated services that combine liquidity provision, differentiated research capabilities, and strategic market insight—particularly during periods of market stress. Deutsche Bank's top-tier positioning across flow services indicates the firm has successfully built this integrated offering at scale across the region.

Individual Deutsche Bank professionals reinforced the institution's expertise through personal recognition. Owen Gallimore retained his position as Asia's top economist and strategist for the tenth consecutive year, demonstrating sustained institutional confidence in his market analysis. Alissa Ren earned recognition as Asia Pacific's number one G3 bond trader, while Kaushik Das again ranked first for Indian rupee bond research—a notable achievement given the importance of local currency expertise in emerging Asian markets. Additionally, graduate-level trader Nellie Lye placed among the top five traders in the region, highlighting the bank's investment in early-career talent development and succession planning within its fixed income division.

The comprehensive nature of The Asset Benchmark Research survey—encompassing trading, research, sales, syndicate management, and market strategy across approximately 550 sellside professionals—provides institutional investors with detailed comparative data for evaluating regional fixed income providers. Deutsche Bank's multi-dimensional performance across these categories suggests the firm has developed balanced, complementary capabilities rather than excelling in isolated disciplines.