This year HSBC – which has restructured significantly and increased its focus on Asia – slipped from 5th place to 9th. Citigroup – which has also curbed its overseas presence – fell from 6th to 7th place. Royal Bank of Scotland (RBS) fell to 18th place after the UK government bailout thwarted its international ambitions.
Meanwhile, Chinese banks are powering ahead in the ranking. China now has three banks in the top five places, with Bank of China moving from 7th place to 4th, and China Construction Bank staying in 2nd place. Agricultural Bank of China moved up from 9th place to 6th.
Financial Times editor Lionel Barber hosted the FT’s annual summer party in London last night. The event brought together 350 guests from business, finance, politics and media at the Mondrian Hotel in the recently refurbished Sea Containers House.
The Financial Times (FT) today released the Financial Times Top 300 Independent Registered Investment Advisers (RIA) of 2015. The ranking of top U.S. RIAs was developed in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the investment management industry.