Here are some key facts, figures and noteworthy results of the 2016 All-Europe Fixed-Income Research Team survey, Institutional Investor’s exclusive annual ranking of the region’s leading sell-side bond and credit analysts.
Number of analysts and team leaders who appear on the roster: 78
Number of firms they represent: 12
Number of analysts who meet the eligibility criteria: 322*
Number of firms they represent: 22*
(*Data regarding analysts and firms not appearing here are available from the Institutional Investor Research Group; for information please contact Esther Weisz at 212-224-3307 or eweisz@iiresearchgroup.com.)
Number of participating buy-side individuals: 750
Number of participating buy-side institutions: 373
Total European fixed-income assets under management of participating buy-side institutions: $6.4 trillion
Most popular sectors (as measured by number of voters**):
Fixed-Income Strategy (winner: James Reid, Francis Yared & team, Deutsche Bank)
Economics (Mark Wall & team, Deutsche Bank)
Investment-Grade Strategy (Alberto Gallo & team, Royal Bank of Scotland)
Interest Rate Strategy (Giles Gale, Andrew Roberts & team, Royal Bank of Scotland)
High-Yield Strategy (James Reid & team, Deutsche Bank)
Most popular sectors (as measured by number of votes**):
Fixed-Income Strategy (winner: James Reid, Francis Yared & team, Deutsche Bank)
Economics (Mark Wall & team, Deutsche Bank)
Investment-Grade Strategy (Alberto Gallo & team, Royal Bank of Scotland)
Interest Rate Strategy (Giles Gale, Andrew Roberts & team, Royal Bank of Scotland)
Banking & Financial Services (Jacqueline Ineke & team, Morgan Stanley)
(**Survey participants may name up to four analysts per sector.)
Most popular teams (as measured by votes cast in each sector):
James Reid, Francis Yared & team of Deutsche Bank, Fixed-Income Strategy (first place)
Alberto Gallo, Andrew Roberts & team of the Royal Bank of Scotland, Fixed-Income Strategy (second place)
Mark Wall & team of Deutsche Bank, Economics (first place)
Jeremy Hale & team of Citi, Fixed-Income Strategy (runner-up)
James Reid & team of Deutsche Bank, High-Yield Strategy (first place)
Analysts and team leaders making their first appearances in first place:
Alexander Batchvarov & team, Bank of America Merrill Lynch, Asset-Backed Securities Strategy
Philip Galdi, Alberto Ruiz-Sena & team, Bank of America Merrill Lynch, Bond Markets Indexes
Caio Natividade & team, Deutsche Bank, Quantitative Analysis
Emmanuel Owusu-Darkwa, Navann Ty & team, Bank of America Merrill Lynch, Basic Materials (High Yield)
Hans-Guenter Redeker & team, Morgan Stanley, Currency & Foreign Exchange
Navann Ty & team, Bank of America Merrill Lynch, High-Yield Health Care (sector newly added this year)
Daniel Vaun & team, J.P. Morgan, Utilities
Analysts who oversee more than one sector-topping team:
Christophe Boulanger of Barclays:
Manufacturing/General Industrials (High Yield); solo leader
Manufacturing/General Industrials (Investment Grade); co-captain with Darren Hook
Darren Hook of Barclays:
Basic Materials (IG); co-director with Margaret O’Neal van Loon
Manufacturing/General Industrials (IG); co-leader with Christophe Boulanger
also co-manages, with O’Neal van Loon, a runner-up squad in Basic Materials (HY)
James Reid of Deutsche Bank:
Fixed-Income Strategy; co-head with Francis Yared
High-Yield Strategy; solo leader
also guides the No. 2 team in Investment-Grade Strategy
Navann Ty of Bank of America Merrill Lynch:
Basic Materials (HY); co-leader with Emmanuel Owusu-Darkwa
Health Care; solo leader
Retailing/Consumer Products (HY); co-captain with Thomas Gibney
also directs the No. 2 team in Basic Materials (IG)
Team leaders appearing for the first time:
Benjamin Defay of J.P. Morgan, Basic Materials (HY and IG), third place and runner-up, respectively; and Manufacturing/General Industrials (HY and IG), third place and runner-up, respectively (with co-leader Stephanie Vincent)
Simon Cowie of Société Générale, Retailing/Consumer Products (IG), runner-up
Axel Finsterbusch of J.P. Morgan, Banking & Financial Services, second place (co-leader with Antonio Roberto Henriques)
Giles Gale of Royal Bank of Scotland, Interest Rate Strategy, first place (co-leader with Andrew Roberts)
Nicholas Gendron of Barclays, Bond Market Indexes, second place (co-leader with Lee Phillips)
Stephan Haber of UniCredit, Manufacturing/General Industrials (HY and IG), runner-up and third place, respectively (co-leader with Sven Kreitmair)
Nicolas Hue de la Colombe of Crédit Agricole Corporate Investment Bank, Manufacturing/General Industrials (IG), runner-up
Nazli Ela Kurtoglu of J.P. Morgan, Retailing/Consumer Products (IG), second place
Margaret O’Neal van Loon of Barclays, Basic Materials (HY and IG), runner-up and first place, respectively (co-leader with Darren Hook)
Nikolaos Panigirtzoglou of J.P. Morgan, Fixed-Income Strategy, third place (co-leader with Stephen Dulake)
Hugh (Huw) Pill of Goldman Sachs International, Economics, runner-up
Alan Ruskin of Deutsche Bank, Currency & Foreign Exchange, runner-up (co-leader with Georgios Saravelos)
Georgios Saravelos of Deutsche Bank, Currency & Foreign Exchange, runner-up (co-leader with Alan Ruskin)
Benedict Scholl of Bank of America Merrill Lynch, Retailing/Consumer Products (IG), third place
David Strauch of Crédit Agricole Corporate Investment Bank; Technology, Media & Telecommunications (IG); runner-up
Danielle Ward of J.P. Morgan, Health Care, second place
Constantin Wolf of J.P. Morgan; Technology, Media & Telecommunications (IG); third place (co-leader with Andrew Webb)
Sectors with the highest number of runners-up:
Economics, four
Manufacturing/General Industrials (HY), three
