Itaú BBA Tops All-Brazil Sales Team for a Second Straight Year
The upper echelon of Institutional Investor’s All-Brazil Sales Team roster is little changed from last year, with Itaú BBA in first place, BTG Pactual in second and J.P. Morgan in third. Credit Suisse and Bank of America Merrill Lynch swap ranks, with the Swiss bank rising one rung to No. 4 and its U.S. rival slipping one notch to No. 5.
A total of 19 firms make this year’s team (plus an additional 11 that receive an honorable mention). Those that rank highest are listed in the Leaders table. Data regarding firms not appearing here are available from the Institutional Investor Research Group; for information please contact Esther Weisz at 212-224-3307 or firstname.lastname@example.org.
Each year II asks participants in the broader All-Brazil Research Team survey to tell us which firms provide the best sales support to investors in regional stocks. We received responses from 531 buy-side analysts and money managers at 313 institutions that collectively manage an estimated $221 billion in Brazilian equities. Roughly 74 percent of the people who cast votes in the research team survey, representing 83 percent of the participating buy-side institutions, answered our question about the best sales teams.