AWARDS JP Morgan crowned best bank for FX in 2017
JP Morgan overtakes Citi as best bank overall for FX dealing at the 2017 FX Week Best Banks Awards. We list all the award-winners and links to their interviews
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JP Morgan has been crowned Best Bank Overall for Foreign Exchange Dealing at the 2017 FX Week Best Banks Awards, taking first place from US banking peer Citi, which had ruled the FX Week rankings since 2013.
FX Week asked banks, corporates and investors to vote for their favourite counterparties across 41 categories, covering geographies, products, currency pairs and technology.
JP Morgan picked up six wins across the categories, including the overall title. It was also voted Best Bank for FX for Banks, Best Bank for FX for Investors, Best Bank for Spot FX, Best Bank for FX in North America and Best Bank for E-Trading.
“Our breadth of clients globally and ability to connect to them through multiple FX execution venues gives us a real edge,” Scott Hamilton, head of FX & rates sales in Emea, tells FX Week in regard to the win.
“In addition, our ability to service clients throughout the trade lifecycle is a key differentiating factor. We obsess around the client experience, and continually challenge ourselves to improve service levels and increase efficiencies,” he adds.
Last year’s winner, Citi, slipped to second place for the first time since 2012 – the firm went on to triumph over Deutsche Bank in 2013. Citi picked up a bag of wins this year though, including Best Bank for FX for Corporates.
Deutsche Bank, HSBC and UBS maintained their positions in third, fourth and fifth place, respectively. Deutsche Bank had wins in four categories, including Best Bank for the Eurozone and Best Bank for EUR/USD. In fourth place, HSBC bagged three awards, retaining the Best Bank for Renminbi title it first won last year.
UBS, however, surrendered its currency options crown this year to Citi, but maintained its dominant position in the Swiss franc market.
Interviews with the award-winners
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