|2002 End-user rankings table|
RBS showed clear improvement in this year’s rankings, securing many top positions in sterling and euro products. RBS completed its merger with National Westminster Bank in March 2000 and is focusing on what it calls "joined-up banking" – trying to offer clients the whole range of banking and risk management services. “We like to think we’re a smart debt bank with risk management overlay,” said John McCormick, the bank’s London-based global head of sales and distribution. McCormick served as RBS’s global head of interest rate derivatives until December last year.
Risk surveys major non-financial corporate and asset manager end-users of derivatives globally each year for its rankings. RiskNews' sister publication received 337 detailed responses for this year's survey. Respondents were asked to nominate, in order of preference, their top-three dealers by instrument and currency in the major product classes of over-the-counter interest rate, foreign exchange, equity and credit derivatives.