End-user rankings 2002

Most dealers call themselves ‘client focused’. But what do the clients think? Risk put the question to more than 300 derivatives end-users – asset managers and non-financial corporates – and found that while JP Morgan Chase, Citigroup and UBS Warburg continue to be crowd-pleasers, Royal Bank of Scotland has built a surprisingly strong following in many product lines

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When John McCormick, the former global head of interest rate derivatives at Royal Bank of Scotland (RBS), changed jobs within the bank in December, he felt confident he was passing a thriving business on to his successor, Ian Gaskell. Risk’s 2001 global derivatives rankings (published in September) showed that RBS had established itself as the number-one interbank derivatives dealer in a range of sterling and euro products. But having a strong inter-dealer franchise does not guarantee

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