FX Survey 2012: Citi homes in on Deutsche

Citi remains the FX bank with the most wind in its sails and is now breathing down the neck of top-placed Deutsche Bank.

FX Survey 2012: Results index

Despite falling short of overtaking Deutsche Bank, Citi continued its recent strong run in Euromoney’s FX survey, leapfrogging Barclays and UBS to take second position. The bank’s plan to take its FX division back to the summit, a position it last held in 2002, is paying dividends. “This is not a one-year move,” says Anil Prasad, Citi’s global head of FX and local markets. “It’s the culmination of a three- to four-year serious effort to focus the entire global foreign exchange business on moving up in market share.

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