FX poll 2002 - overall results

Overall
2002	2001	Total	Market Share
1	1	Citigroup	11.17%
2	7	UBS Warburg	10.96%
3	2	Deutsche Bank	9.79%
4	3	Goldman Sachs	6.69%
5	*	JPMorgan Chase	5.86%
6	6	Credit Suisse First Boston	4.62%
7	10	Morgan Stanley Dean Witter	3.70%
8	13	ABN Amro	3.40%
9	35	SEB	2.76%
10	11	Barclays Capital	2.61%
11	9	Bank of America	2.45%
12	12	HSBC	2.37%
13	20	Royal Bank of Scotland	2.30%
14	25	Dresdner Kleinwort Wasserstein	2.24%
15	23	Royal Bank of Canada	2.09%
16	14	BNP Paribas	2.01%
17	37	Nordea	1.64%
18	–	Bank One	1.46%
19	–	Svenska Handelsbanken	1.43%
20	8	State Street Bank & Trust	1.31%
21	18	Toronto Dominion Bank	1.23%
22	**	Mitsubishi Tokyo Financial Group	1.21%
23	28	Lehman Brothers	1.15%
24	19	Merrill Lynch	1.10%
25	–	HypoVereinsbank	0.90%
26	38	Commerzbank	0.88%
27	24	Crédit Agricole Indosuez	0.74%
28	48	AIG International	0.70%
29	29	ING Barings	0.69%
30	42	National Australia Bank	0.67%
*JP Morgan 4, Chase Manhattan 5
**Bank of Tokyo-Mitsubishi 22

Global market share Excluding institutional investors
2002	2001		Market Share
1	1	Citigroup	12.72%
2	5	UBS Warburg	11.10%
3	2	Deutsche Bank	8.97%
4	3	Goldman Sachs	6.05%
5	*	JPMorgan Chase	4.35%
6	23	SEB	4.32%
7	11	Credit Suisse First Boston	3.31%
8	17	Dresdner Kleinwort Wasserstein	3.02%
9	8	ABN Amro	2.89%
10	6	Bank of America	2.71%
11	24	Nordea	2.70%
12	9	Barclays Capital	2.54%
13	4	HSBC	2.47%
14	48	Bank One	2.40%
15	27	Royal Bank of Canada	2.36%
16	14	Royal Bank of Scotland	2.28%
17	13	BNP Paribas	2.08%
18	40	Svenska Handelsbanken	1.96%
19	15	Morgan Stanley Dean Witter	1.66%
20	36	HypoVereinsbank	1.41%
21	–	Lehman Brothers	1.34%
22	29	ING Barings	0.98%
23	26	Commerzbank	0.94%
24	**	Mitsubishi Tokyo Financial Group	0.86%
25	19	Merrill Lynch	0.81%
26	18	Crédit Agricole Indosuez	0.76%
27	20	Standard Chartered Bank	0.73%
28	–	AIG International	0.68%
29	–	Bank of Ireland	0.68%
30	16	Mizuho Financial Group	0.61%
*JP Morgan 10, Chase Manhattan 7
**Bank of Tokyo-Mitsubishi 12

Institutional investors only
2002	2001	Total	Market share
1	2	Deutsche Bank	11.01%
2	8	UBS Warburg	10.77%
3	1	Citigroup	8.88%
4	*	JPMorgan Chase	8.10%
5	3	Goldman Sachs	7.63%
6	9	Morgan Stanley Dean Witter	6.72%
7	6	Credit Suisse First Boston	6.56%
8	18	ABN Amro	4.14%
9	7	State Street Bank & Trust	3.13%
10	11	Barclays Capital	2.73%
11	15	Toronto Dominion Bank	2.37%
12	20	Royal Bank of Scotland	2.33%
13	19	HSBC	2.21%
14	10	Bank of America	2.07%
15	16	BNP Paribas	1.90%
16	**	Mitsubishi Tokyo Financial Group	1.73%
17	24	Royal Bank of Canada	1.70%
18	17	Merrill Lynch	1.52%
19	34	National Australia Bank	1.16%
20	31	Dresdner Kleinwort Wasserstein	1.07%
21	22	Bank of New York	0.93%
22	23	Lehman Brothers	0.88%
23	–	Commerzbank	0.79%
24	25	Crédit Agricole Indosuez	0.72%
25	35	AIG International	0.72%
26	12	Bank of Nova Scotia	0.66%
27	46	Svenska Handelsbanken	0.63%
28	13	CIBC Wood Gundy	0.59%
29	–	SEB	0.45%
30	38	Westpac Banking Corp	0.43%
*JP Morgan 4, Chase Manhattan 5
**Bank of Tokyo-Mitsubishi 42, Mitsubishi Trust & Banking 45

Most innovative approach to FX business
02	01		Votes
1	1	Citigroup	229
2	4	UBS Warburg	218
3	3=	Goldman Sachs	143
4	2	Deutsche Bank	120
5	6	Dresdner Kleinwort Wasserstein	83
6	3=	HSBC	52
7	8	ABN Amro	43
8	10	Credit Suisse First Boston	42
9	–	Bank of America	35
10	15	Royal Bank of Canada	32

Key relationship bank (overall)
02	01		Votes
1	1	Citigroup	1,553
2	4	UBS Warburg	1,149
3	2	Deutsche Bank	971
4	5	Goldman Sachs	759
5	*	JPMorgan Chase	524
6=	9	Dresdner Kleinwort Wasserstein	464
6=	3	HSBC	464
8	10	Credit Suisse First Boston	430
9	7	ABN Amro	416
10	11	Bank of America	348
*JP Morgan 14, Chase Manhattan 6

Key relationship bank – institutional investors only
02	01		Votes
1	2	Citigroup	390
2	4	Goldman Sachs	348
3	3	UBS Warburg	343
4	1	Deutsche Bank	285
5	*	JPMorgan Chase	220
6	7	Credit Suisse First Boston	190
7	6	Morgan Stanley Dean Witter	175
8	9	State Street Bank & Trust	121
9	10	HSBC	118
10	15	Dresdner Kleinwort Wasserstein	115
*JP Morgan 12, Chase Manhattan 5

Excluding institutional investors
02	01		Votes
1	1	Citigroup	1163
2	6	UBS Warburg	806
3	2	Deutsche Bank	686
4	7	Goldman Sachs	411
5	9	Dresdner Kleinwort Wasserstein	349
6	3	HSBC	346
7	*	JPMorgan Chase	304
8	5	ABN Amro	303
9	10	Bank of America	289
10	15	Credit Suisse First Boston	240
*JP Morgan 25, Chase Manhattan 4

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FX poll 2002 – overall results