The money network:

The money network:

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February 2007

RBS



The Champions League of investment banking

How we calculated the investment banking Champions League table

Director of football: Fred Goodwin
Age: 48
Appointed: 2001
Value added: 12.3% pa (13th)
Chop rating: 3/5

Goodwin has worked wonders at RBS, but is he the man to take the bank to the next level? Meanwhile head coach Cameron (right) faces a huge challenge to reach his goal of making RBS the leading investment bank for corporates

Head coach: Johnny Cameron (53, 2001)


Star players:
Brian Crowe is the man charged with turning RBS’s global banking and markets division into exactly that. Insiders say he has the clout and talent to do it

Rising star: Simon Drake Brockman has been given the key role of building debt capital markets, credit and rates trading – the areas RBS should be strong competitors in

Weakest link: How long can you be classed as an aspirant? The Greenwich business still does not appear to be fully integrated with the rest of the bank. RBS is still filling in the jigsaw on its product proposition and on execution. And the lack of an equity capital markets business is gaping


Key transfers 2006:

IN: Enrico Cantarelli (head of public sector Italy, from the Italian ministry of economy and finance); Tom Deutoft (European head of loan trading and distribution, from Dresdner Kleinwort); Sandra Wong (head of CDO structuring, structured credit and equity products, from Citigroup)

OUT: Simon Marriott (head of high yield sales); Gianfranco Mattei (head of Rome office, to Credit Suisse)


2006 capital markets performance (▼/▲ 2005)

Overall fees: $730mln (+1.48%) 15th (▼1)
DCM: $726.8mln (+1.4%) 11th (▼1)
ECM: $2.58mln (+35.1%) 16th (no move)
M&A: $0.58mln (+28.9%) 16th (no move)
FX market share: 6.43% (+2.81%) 5th (▲6)

Rankings 2006:

Return on equity: 18.5% (14th)
Growth of earnings: 20.9% (13th)
Market cap: $123.9bln (5th)

Champions League position 2006: 16th
If RBS were a Champions League team it would be: Roma. Always compete on the domestic front but about time they made a real impact on the international stage

































































Summary table of top banks, with quick links to more related content on euromoney.com

Is the banking boom sustainable?

The investment banking Champions League 2006
Euromoney's unscientific guide to the industry's leading firms
  Click on the firm's name below to read commentary Overall fees RoE GoE Mark cap Total
1 Goldman Sachs 32 16 14 9 71
2 Morgan Stanley 26 11 16 8 61
3 JP Morgan 28 1 15 14 58
4 Citigroup 30 5 1 16 52
4 UBS 22 14 3 13 52
6 Credit Suisse 20 10 11 7 48
7 Merrill Lynch 24 6 10 6 46
8 Barclays 10 14 8 10 42
9 Deutsche Bank 18 8 9 4 39
10 HSBC 8 2 13 15 38
11 Lehman Brothers 16 12 6 2 36
12 BNP Paribas 6 9 7 11 33
13 Bear Stearns 14 4 12 1 31
14 Société Générale 2 15 5 5 27
15 ABN Amro 12 7 2 3 24
16 RBS 4 3 4 12 23
Source: Dealogic, Annual reports, Euromoney


































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