FX survey 2014: BBVA
This year Spanish bank BBVA has risen into the top 25 in the Euromoney survey for the first time. Over the past three years, the bank has risen nine places in the overall rankings and more than doubled its volumes.
Head of FX at BBVA
Head of FX at BBVA Andrew Brown says: “Three years ago we were a fragmented business. But we had a strong client franchise in both Spain and Latin America, and we’ve built on that to establish a global business in which volumes are growing steadily.”
BBVA is largely competing away from the high-volume institutional business, with a focus on retail, mid-cap and large corporate business in its key centres. It is also investing in its electronic trading capabilities for these clients.
|Rising up the Euromoney FX overall rankings|
|Top 10 risers in overall rating, 2011 to 2014|
|Bank||Rank change since 2011||Market share change (%)||Volume change ($mln)||Volume change (%)|
|National Australia Bank||25||0.43|