UBS reign over, Citi back on top
In a further shake-up of the leader board, Deutsche Bank re-enters the top three after losing out to HSBC last year, which slides to fourth place.
The industry survey continues to gain traction among banks, corporates and investors, with a record 4,861 votes cast this year.
The return of the accolade to Citi, which had previously held it since the survey was launched in 1995, demonstrates the successful implementation of a new structure in foreign exchange. In February, the US dealer merged G-10
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