When the nine positions it captures on the 2013 All-Brazil Research Team are added to the results of surveys published earlier this year, Bank of America Merrill Lynch pulls even farther out in front of second-place Deutsche Bank on Institutional Investor’s Global Research Leaders: Year-to-Date roster. The U.S. bank now has an aggregated total of 147 to its German counterpart’s 119; the latter firm does not earn any spots in the Brazil survey.
Morgan Stanley wins four positions in Brazil, bringing its overall total to 105. It holds steady in third place but now has only a one-point advantage over fourth-place J.P. Morgan, whose six positions on the All-Brazil Research Team boost its total to 104. These four are the only firms to have earned triple-digit team-position totals thus far this year, with results of eight of II’s 12 research team surveys already published: the All-Europe and All-Europe Fixed-Income research teams (February); the All-Japan Research Team (April); the All-Asia Research Team (May); the All-Russia and the Emerging Europe, Middle East & Africa research teams (June); and this month’s Latin America and All-Brazil research teams. Still to come: the All-America Fixed-Income Research Team (September), the All-America Research Team (October), the All-China Research Team (November) and the All-India Research Team (December).
This table will be updated September 10, when the results of the 2013 All-America Fixed-Income Research Team are announced.
| The 2013 Top Global Research Firms: Year to Date 1 | ||||||
| RANK | FIRM | TOTAL TEAM POSITIONS | FIRST TEAM | SECOND TEAM | THIRD TEAM | RUNNERS — UP |
| 1 | Bank of America Merrill Lynch | 147 | 37 | 33 | 30 | 47 |
| 2 | Deutsche Bank 2 | 119 | 26 | 27 | 19 | 47 |
| 3 | Morgan Stanley 3 | 105 | 15 | 20 | 29 | 41 |
| 4 | J.P. Morgan 4 | 104 | 14 | 23 | 15 | 52 |
| 5 | Credit Suisse | 84 | 6 | 13 | 11 | 54 |
| 6 | UBS | 77 | 15 | 12 | 13 | 37 |
| 7 | Citi | 70 | 14 | 9 | 15 | 32 |
| 8 | Nomura 5 | 57 | 8 | 11 | 11 | 27 |
| 9 | Barclays | 42 | 10 | 5 | 8 | 19 |
| 10 | Itaú BBA | 40 | 14 | 11 | 8 | 7 |
| 11 | BTG Pactual | 38 | 13 | 6 | 4 | 15 |
| 12 | VTB Capital | 21 | 6 | 6 | 2 | 7 |
| 13 | Sberbank CIB | 20 | 8 | 5 | 2 | 5 |
| 14 | Santander6 | 18 | 1 | 2 | 2 | 13 |
| 15 | Daiwa Capital Markets7 | 16 | 3 | 2 | 4 | 7 |
| 16 | Mizuho Securities Group | 15 | 0 | 6 | 3 | 6 |
| 17 | SMBC Nikko Securities | 14 | 2 | 1 | 3 | 6 |
| 18 | CLSA Asia-Pacific Markets | 13 | 1 | 1 | 2 | 9 |
| 19 | Goldman, Sachs & Co.8 | 12 | 1 | 0 | 3 | 8 |
| 20 | Exane BNP Paribas | 11 | 2 | 0 | 3 | 6 |
| 1 The totals shown include positions won on the All-Europe Research Team; the All-Europe Fixed-Income ResearchTeam; the All-Japan Research Team; the All-Asia Research Team; the Emerging Europe, Middle East & AfricaResearch Team; the All-Russia Research Team; the Latin America Research Team and the All-Brazil Research Team. 2 Positions on the All-Japan Research Team were for Deutsche Securities; on the Latin America Research Team,positions were for Deutsche Bank Securities. 3 Positions on the All-Japan Research Team were for Morgan Stanley MU FG Securities Co. 4 Positions on the All-Europe Research Team were for J.P. Morgan Cazenove. 5 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for NomuraInternational; on the All-Japan Research Team, positions were for Nomura Securities Co. 6 Positions on the All-Europe Research Team were for Santander Investment Bolsa. 7 Positions on the All-Japan Research Team were for Daiwa Securities Group. 8 Positions on the All-Europe Research Team were for Goldman Sachs International; on the All-Japan ResearchTeam, positions were for Goldman Sachs Japan Co.; positions on the All-Asia Research team were for GoldmanSachs (Asia); and on the Emerging Europe, Middle East & Africa Research Team and the All-Russia Research Team,positions were for Goldman Sachs. | ||||||
