Zurich - Joachim Löw has been named the 2014 FIFA World Coach of the Year after steering a Germany starting XI boasting eight current Bundesliga stars to FIFA World Cup glory with victory over Argentina last summer.

The 54-year-old pipped Carlo Ancelotti of Real Madrid CF and Club Atletico de Madrid head coach Diego Simeone to the prize.

'Thanks to the Bundesliga'

"It's a great honour after a successful year to receive this award," Löw said. "It's the icing on the cake, the cake being the World Cup. I'd like to thank you all very much. Whoever knows me knows that I'd like to take this award on behalf of everyone. "

"The result at the World Cup was the result of years of hard work, he continued. "I'd like to thank all German coaches, who do such a great job with young and senior players. They're all coach of the year […] Of course I owe thanks to the Bundesliga, the league without which this success would not have been possible and continues to deliver such a high level of football."

Seifert congratulates Löw

Deutsche Fußball Liga GmbH Chief Operating Officer Christian Seifert was quick to offer his congratulations to the World Cup-winning tactician: "Many congratulations! Joachim Löw more than deserves this distinction. The World Cup title is confirmation of the excellent work of recent years, particularly with the German national team having always reached at least the semi-finals of the World Cup and European Championships under his leadership since 2008".

Retired head coach Jupp Heynckes won the award in 2013 after overseeing FC Bayern München's unprecedented Bundesliga, UEFA Champions League and DFB Cup treble.