Deutsche Bank AG defeated Citigroup Inc. in the UK’s City Polo Championships in southern England, according to Bloomberg.
Teams from eight companies, including UBS AG and Credit Suisse Group, participated in the tournament on Saturday, June 4, but it was Deutsche Bank who reigned, beating Citigroup 6-3 in the final match.
“I’m completely disappointed,” Colin Church, 47, a Citigroup risk manager and captain of the company’s team, told Bloomberg, after his team-the defending champions-was dethroned. “And of all the people to lose to, Deutsche Bank. It’s like a Eurobond league table.”
Deutsche Bank ranks first and Citigroup second in underwriting international bonds so far this year, according to Bloomberg data. Citigroup, the world’s largest biggest bank, topped Frankfurt-based Deutsche Bank, Germany’s largest lender, last year in terms of the dollar amount of bonds sold.
After being presented with the winner’s cup, Gordon Wallace, captain of the Deutsche Bank team, said he would enjoy playing polo permanently “if I could afford it.” He added, “But to be able to play polo, you have to work.”