Deutsche Bank has earned the accolade of the best private bank in the Cayman Islands in the prestigious Euromoney private banking survey 2007.

The survey reflects the opinions of both advisers to private clients and other wealth management companies.

The review also takes into account a wide range of factors including assets under management,profitability, ratio of clients to relationship managers and the services offered.

Janet Hislop of Deutsche Bank Cayman said the award confirmed the bank’s high level of service and commitment to its clientele.

“It is very pleasing to win this award and to be recognised by advisers of private clients. To be named at the top of the rankings in this prestigious survey is a tribute to the staff in the Cayman Islands,” she said.

“This award serves to highlight Deutsche Bank’s commitment to client service and care, which is at the centre of all we do. It is also fitting that this success comes at such a milestone in Deutsche Bank’s history in the Cayman Islands.”

The results of the survey were announced last week and include an impressive list of the world’s best private banks, fund and investment management houses and private client stockbrokers.

The survey provides a qualitative and quantitative review of the best services in private banking, organized by region and areas of service.

Whilst Deutsche Bank has featured in the top end of the rankings in the Cayman section since the listings were started in 2003, this is the first time the Bank has been named in the top spot.

The award comes at a particularly significant time for Deutsche Bank, which is continuing to build on its range of specialist services this year through the expansion of solutions available to the Cayman Captive Insurance market.

Deutsche Bank Offshore Group also has offices in the Channel Islands and Mauritius.

The rankings for the survey are the basis for the Euromoney Private Banking Awards, which will be presented at the Euromoney Private Banking Dinner in London on 1 February 2007.