
Citigroup wins FX Week strategy award
However, this year, more traditional forms of analysis have become relevant once again, and this trend is set to continue, according to Robert Sinche, global head of FX research at Citibank in New York. "I think over the next year or so we will begin a period where we get back to basics, and some of those traditional forms of analysis in terms of trade activity and growth and interest rate differentials may come back in fashion," Sinche said. "That, combined with the flows, is where the market is headed in terms of the big picture in research."
Citi’s FX strategy team is managed by Sinche in New York, complemented by strategist TJ Marta and Tom Fitzpatrick, global head of FX technical analysis. The team is completed in London by senior FX strategist Steve Saywell, global currency economist Steven Englander and Richard Adams, director of the CitiFX Flows team. Japanese insight is provided by Tomoko Fujii, Japan economist at Nikko Salomon Smith Barney in Tokyo.
Although Citi triumphed in the overall voting, and polled most votes from corporate respondents, last year’s winner Deutsche Bank took the top spot among institutional investors.
Michael Rosenberg, global head of FX research at Deutsche in New York, said being innovative is getting more difficult in today’s cut-throat market. "The problem is that information is disseminated so rapidly that what is innovative this month will be copied elsewhere," he said.
Deutsche’s FX team has 10 FX analysts globally in London, New York, Singapore, Sydney and Tokyo. Rosenberg manages the global team from New York.UBS Warburg, meanwhile, snared most votes among banking respondents, and took third place overall in the voting for the category. ABN Amro made its first appearance in the top five for this award this year. The Dutch bank placed fifth in the overall voting for the award, a result that pays tribute to the bank’s growth in that area, said Tony Norfield, global head of FX strategy at ABN in London.
In keeping with last year’s award, the top five banks in the FX research and strategy category correspond to the top five banks in the best bank overall for foreign exchange dealing, deepening the view that clients increasingly see FX research as a key part of a bank’s FX service.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Rankings
ION Commodities puts customer engagement at the heart of its business
Sponsored content
Lack of data strategy could cause costly mistakes
Sponsored content
Revenues soar for SCB as interest in climate risk intensifies
Sponsored content
A global solution to market developments
Sponsored content
Princeton, Baruch and Berkeley top for quant master’s degrees
Eight of 10 leading schools for quantitative finance programmes are based in US, latest rankings show
Energy Risk Commodity Rankings: Uncertain times
The winners of Energy Risk’s Commodity Rankings overcame some tumultuous times in 2019, learning lessons that are certainly required in today’s volatile environment
Interdealer broker rankings 2019: the story behind the votes
Volumes in decline, while start-ups pose increasing threat
Vote now in the Risk Interdealer Broker Rankings 2019
Help us identify the market’s top brokers in a range of over-the-counter derivatives products