BERLIN, Jan 20 (Reuters) - Deutsche Bank rankedtop in the global fixed income market in 2014, ahead ofCitigroup and Barclays, according to a survey byfinancial services data firm Greenwich Associates published onTuesday.
The survey of more than 4,000 fixed income investors showedthe German bank increased its market share by 10 basis points to10.1 percent to rank top for the fifth year running, ahead ofCiti on 9.6 percent and Barclays on 9.4 percent.
Deutsche said the survey showed gains in government bondsand investment grade corporate bonds, areas the bank hasinvested in last year, as well as growth in the market for U.S.clients.
Colin Fan, Deutsche co-head of corporate banking &securities, said the results confirmed the bank's realignment ofits business was paying off with clients.
"We are focusing on areas where we can put our balance sheetto the best possible use and where clients need us most," hesaid in a statement in response to the survey.
The German bank decided last year not to follow Barclays incutting back its investment bank.
But Deutsche's shares have lagged those of other majorinvestment banks and it has fallen short of its profit targets.
Germany's largest lender began a strategic review earlierthis month, saying it would examine its business lines andprofit targets. The bank has not ruled out selling itsPostbank-branded retail arm, which it bought insteps starting in 2008.
The Greenwich survey also ranked Citi and JP Morgan as top for best service to fixed-income investors. (Reporting by Emma Thomasson. Editing by Jane Merriman)
Barclays (BARC)
