May 1999
Bank Boards: How to influence people and win business
Which bank has the best connected external directors? Steven Irvine presents the first ever ranking of this often neglected weapon in the competitive armoury.
| Banks' power rankings |
| Rank |
Bank |
Rank |
Country |
Market Cap ($bn) |
| 1 |
Citigroup |
534 |
US |
143 |
| 2 |
Morgan Stanley |
432 |
US |
59 |
| 3 |
Chase |
320 |
US |
68 |
| 4 |
HSBC |
310 |
UK |
56 |
| 5 |
Lloyds |
283 |
UK |
79 |
| 6 |
JP Morgan |
280 |
US |
22 |
| 7 |
Credit Suisse |
271 |
Swiss |
49 |
| 8 |
UBS |
244 |
Swiss |
66 |
| 9 |
Dresdner |
213 |
Germany |
20 |
| 10 |
Paribas |
182 |
France |
17 |
| 11 |
BNP |
172 |
France |
18 |
| 12 |
Wachovia Corp |
168 |
US |
17 |
| 13 |
US Bancorp |
139 |
US |
23 |
| 14 |
Standard Chartered |
126 |
UK |
15 |
| 15 |
Deutsche |
107 |
Germany |
28 |
| 16 |
Bank of America |
105 |
US |
122 |
| 17 |
Bank One Corp |
104 |
US |
65 |
| 18 |
Wells Fargo |
95 |
US |
60 |
| 19 |
NatWest |
91 |
UK |
38 |
| 20 |
HypoVereinsbank |
81 |
Germany |
23 |
| 21 |
Bank of Scotland |
79 |
UK |
17 |
| 22 |
ABN Amro |
74 |
Holland |
29 |
| 23 |
PNCBank |
72 |
US |
17 |
| 24 |
Merrill Lynch |
71 |
US |
32 |
| 25 |
Fifth Third Bancorp |
66 |
US |
19 |
| 26 |
ING |
63 |
Holland |
45 |
| 27 |
Société Générale |
62 |
France |
18 |
| 28 |
CBA |
44 |
Australia |
16 |
| 29 |
Suntrust |
43 |
US |
20 |
| 30 |
NAB |
42 |
Australia |
26 |
| 31 |
Bank of New York |
40 |
US |
27 |
| 32 |
Royal Bank of Scotland |
39 |
UK |
19 |
| 33 |
Hang Seng |
33 |
Hong Kong |
18 |
| 34 |
First Union |
32 |
US |
52 |
| 35= |
BSCH |
30 |
Spain |
23 |
| 35= |
Barclays |
30 |
UK |
42 |
| 37 |
AIB |
28 |
Ireland |
15 |
| 38 |
National City |
23 |
US |
22 |
| 39 |
Firstar |
18 |
US |
20 |
| 40 |
Mellon Bank |
16 |
US |
18 |
| 41 |
Unicredito Italiano |
19 |
Italy |
25 |
| 42 |
San Paolo IMI |
15 |
Italy |
22 |
| 43 |
Sumitomo |
9 |
Japan |
43 |
| 44= |
DKB |
- |
Japan |
0 |
| 44= |
IBJ |
- |
Japan |
0 |
| 44= |
Sanwa |
- |
Japan |
0 |
| 44= |
Bank of Tokyo-Mitsubishi |
- |
Japan |
0 |
| 44= |
Fuji |
- |
Japan |
0 |
| 44= |
BBV |
- |
Spain |
0 |
| 44= |
KBC (formerly Kredietbank) |
- |
Belgium |
0 |
| Sources: Morgan Stanley, Bloomberg |
| Political weightings: minor civil servants 5bn, major civil servants, cabinet ministers 15bn, former G7 presidents and prime ministers 30bn |
It is often remarked that a happy man is one with a good doctor, a better lawyer and an even more splendid accountant. Banks apply this theory to themselves in the form of their advisory board and external directors. The figures from business and politics generate business opportunities, open doors and give advice that would be hard to get from inside.
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