The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Surveys

Euromoney FX survey 2010: Scandinavian banks advance in institutional FX

SEB, Danske and Handelsbanken rank in the most improved banks, writes Trevor Carr.

SWEDEN’S SEB AND Svenska Handelsbanken, and Denmark’s Danske Bank all featured in the Euromoney FX survey’s top-10 most improved by market share list. The Nordic banks generally made gains in market share with institutional clients. All three banks stressed the importance of providing "client service of the highest quality throughout the crisis", as Niklas Karlsson, Danske’s global head of FX spot, options and emerging markets, put it. This has stood the banks in good stead as, post-crisis, clients re-evaluate their liquidity providers.

Scandinavian banks, despite their exposure in many cases to the troubled economies of the Baltic States, have survived the financial crisis in relatively good shape.

Sweden’s SEB is the stand-out performer among the region’s banks. It breaks into the top 20 for the first time. Its overall market share has increased by close to 50%, the fourth-biggest single rise. And the bank has transformed its position in FX trading with banks, increasing its market share by a whopping 235% on last year.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree