Deutsche Bank beats fancied rivals for Medibank role

The bank, flush with success from helping to manage the New Zealand government's asset sales, won a joint lead manager role for the Medibank IPO.

Deutsche Bank executives Down Under like to consider themselves salt of the earth types, so they will probably be celebrating their appointment as one of the three joint lead managers of Medibank Private’s initial public offering with a stubby or two of Victoria Bitter rather than vintage Krug champagne.

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