Itaú BBA captures the top spot on the All-Brazil Sales Team, Institutional Investors annual ranking of the best sales forces serving asset managers that invest in the nations equities, for a second straight year. BTG Pactual repeats in second place, while J.P. Morgan holds steady at No. 3. Credit Suisse rises one rung to No. 4, bumping Bank of America Merrill Lynch down one notch to fifth place.
Citi lands in the top ten at No. 10 for the first time in the five-year history of the survey.
A total of 19 firms make this years 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 email@example.com.
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.