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. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

FX poll 1996: A close Chase

Newly-appointed global foreign exchange chief, Guy Whittaker, fell silent when Euromoney informed him that the new Chase had topped our annual foreign exchange poll. He simply asked how we put the results together, and took a sip of water.

Click here to view the annual Foreign Exchange Poll (TABLES)

Had it been true, and not just mischief on our part - this being the first time in a generation that Citibank had genuine concerns as to who might win - there's no telling what might have happened. Informed that it was a joke and that Citibank had won again for the 18th consecutive year,he explained that Citibank's edge was "its customer relationships and the continuity of its staff".

Will Citi ever be knocked from its perch? Its service continues to impress clients. Richard Desmond, corporate treasurer of UK conglomerate BAT, is typical in his praise and concludes, "Citibank has an awful lot right."As our poll clearly shows, there's no bank to match it in emerging market currencies, and there are very few areas where its name is far from the top.

Pipped at the post

The Chase/Chemical combination came historically close to pipping Citi,but fell just short. Perhaps that is the closest the new entity will get for a while. We combined the two bank's results because the merger took place as the poll was being conducted and it was impossible to differentiate the votes.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

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