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. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

And the winner is…

Winners and losers reflect on the results.

On the face of it, Deutsche Bank has taken a tumble. After soundly trouncing Citibank last year, capturing an impressive 12.53% market share, it's back in second place.


And Citi, having decided that it liked the view from the top much better than the vista from the third floor, wins again, albeit by a less convincing margin. So is Deutsche discouraged by the brevity of its stint at the top? Not according to Hal Herron, head of global foreign exchange at the bank: "we have been in the top two for the last four years and we intend to remain there," he says.


Herron stresses that while surveys are important, they are really just a snapshot of what's going on at a particular point in time.


Last year, he seemed slightly more enthusiastic about the accuracy of that snapshot though. His words on learning of Deutsche's victory: "we are building a sustainable business based on long-term client relationships and the figures speak for themselves." This year, apparently, they don't. Though the numbers say Deutsche's share has fallen, Herron insists that forex revenues hit an all-time high in 2000 and says business is growing faster than ever.




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.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

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

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, 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

LOGIN NOW

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