Bank of America Merrill Lynch bumps Deutsche Bank down to second place on Institutional Investor’s 2013 Top Global Research Firms: Year-to-Date roster, thanks in part to capturing the top spot (for a third straight year) on the All-Asia Research Team. As of last month the U.S. bank had been trailing its German counterpart by three total team positions; now it’s ahead by four.
However, the two firms share the winner’s circle when it comes to the number of analysts and teams deemed the best in their respective sectors; each has 23.
UBS and Morgan Stanley, which had been in fourth and fifth place overall, respectively, rise one rung apiece as J.P. Morgan falls from No. 3 to No. 5.Morgan Stanley achieves its status with far fewer runner-ups — 25 — than any other top-five firm. The totals for the remaining four include at least 32 runner-up positions each. UBS has the most, with 36.
This table will be updated on June 18, with the release of the 2013 Emerging Europe, Middle East & Africa and All-Russia research team results.
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 | 91 | 23 | 17 | 18 | 33 |
| 2 | Deutsche Bank 2 | 87 | 23 | 22 | 10 | 32 |
| 3 | UBS | 75 | 15 | 11 | 13 | 36 |
| 4 | Morgan Stanley3 | 72 | 9 | 14 | 24 | 25 |
| 5 | J.P. Morgan4 | 70 | 10 | 18 | 10 | 32 |
| 6 | Nomura 5 | 57 | 8 | 11 | 11 | 27 |
| 7 | Citi | 51 | 10 | 6 | 7 | 28 |
| 8 | Credit Suisse | 49 | 4 | 7 | 4 | 34 |
| 9 | Barclays | 42 | 10 | 5 | 8 | 19 |
| 10 | Daiwa Capital Markets 6 | 16 | 3 | 2 | 4 | 7 |
| 11 | Mizuho Securities Group | 15 | 0 | 6 | 3 | 6 |
| 12 | SMBC Nikko Securities | 14 | 2 | 1 | 3 | 8 |
| 13 | CLSA Asia-Pacific Markets | 13 | 1 | 1 | 2 | 9 |
| 14 | Exane BNP Paribas | 11 | 2 | 0 | 3 | 6 |
| 15 | Mitsubishi UFJ Morgan Stanley Securities | 9 | 3 | 1 | 0 | 5 |
| 16 | Sanford C. Bernstein & Co.7 | 8 | 5 | 1 | 1 | 1 |
| 16 | Goldman, Sachs & Co. 8 | 8 | 1 | 0 | 2 | 5 |
| 18 | Crédit Agricole Cheuvreux 9 | 6 | 0 | 2 | 2 | 1 |
| 18 | Société Générale | 6 | 0 | 1 | 1 | 4 |
| 20 | Macquarie Securities 10 | 5 | 0 | 1 | 1 | 3 |
| 21 | Royal Bank of Scotland | 4 | 0 | 2 | 1 | 1 |
| 22 | BNP Paribas Securities | 3 | 1 | 1 | 0 | 1 |
| 22 | Jefferies & Co.11 | 3 | 0 | 0 | 1 | 2 |
| 24 | Berenberg Bank | 2 | 0 | 1 | 0 | 1 |
| 24 | HSBC | 2 | 0 | 0 | 0 | 2 |
| 24 | Kempen & Co. | 2 | 0 | 1 | 0 | 1 |
| 24 | Santander12 | 2 | 1 | 0 | 0 | 1 |
| 24 | SEB Enskilda | 2 | 0 | 1 | 0 | 1 |
| 29 | ABG Sundal Collier | 1 | 1 | 0 | 0 | 0 |
| 29 | Autonomous Research | 1 | 0 | 0 | 0 | 1 |
| 29 | Banco Português de Investimento | 1 | 0 | 1 | 0 | 0 |
| 29 | BBVA | 1 | 0 | 0 | 0 | 1 |
| 29 | China International Capital Corp. | 1 | 0 | 0 | 0 | 1 |
| 29 | CIMB Securities | 1 | 0 | 0 | 0 | 1 |
| 29 | Commerzbank Corporates & Markets | 1 | 0 | 0 | 0 | 1 |
| 29 | Davy | 1 | 1 | 0 | 0 | 0 |
| 29 | Equita S.I.M. | 1 | 1 | 0 | 0 | 0 |
| 29 | Fidentiis Equities | 1 | 0 | 0 | 1 | 0 |
| 29 | Goodbody Stockbrokers | 1 | 0 | 1 | 0 | 0 |
| 29 | Handelsbanken Capital Markets | 1 | 0 | 0 | 1 | 0 |
| 29 | Helvea | 1 | 0 | 0 | 0 | 1 |
| 29 | Ichiyoshi Research Institute | 1 | 0 | 0 | 0 | 1 |
| 29 | ING Equity Markets13 | 1 | 1 | 0 | 0 | 0 |
| 29 | Intermonte | 1 | 0 | 0 | 1 | 0 |
| 29 | JB Capital Markets | 1 | 0 | 0 | 0 | 1 |
| 29 | Keefe, Bruyette & Woods | 1 | 0 | 0 | 0 | 1 |
| 29 | Kepler Equities14 | 1 | 0 | 0 | 0 | 1 |
| 29 | MainFirst Bank | 1 | 0 | 0 | 1 | 0 |
| 29 | N+1 Equities | 1 | 0 | 0 | 0 | 1 |
| 29 | Oddo Securities | 1 | 0 | 0 | 0 | 1 |
| 29 | Okasan Securities Co. | 1 | 1 | 0 | 0 | 0 |
| 29 | Petercam | 1 | 0 | 0 | 0 | 1 |
| 29 | Rabobank | 1 | 0 | 0 | 1 | 0 |
| 29 | Redburn Partners | 1 | 0 | 0 | 0 | 1 |
| 29 | Samsung Securities | 1 | 0 | 0 | 0 | 1 |
| 29 | UniCredit | 1 | 0 | 0 | 0 | 1 |
| 29 | Vontobel | 1 | 0 | 1 | 0 | 0 |
| 1 The totals shown include positions won on the All-Europe Research Team, the All-Europe Fixed-Income Research Team, the All-Japan Research Team and the All-Asia Research Team. 2 Positions on the All-Japan Research Team were for Deutsche Securities. 3 Positions on the All-Japan Research Team were for Morgan Stanley MUFG 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-Japan Research Team were for Daiwa Securities Group. 7 Positions on the All-Europe Research Team were for Sanford C. Bernstein. 8 Positions on the All-Europe Research Team were for Goldman Sachs International; on the All-Japan Research Team,positions were for Goldman Sachs Japan Co.; and positions on the All-Asia Research team were for Goldman Sachs(Asia). 9 Positions on the All-Europe Fixed-Income Research Team were for Crédit Agricole Corporate Investment Bank. 10 Positions on the All-Asia Research Team were for Macquarie Capital Securities. 11 Positions on the All-Europe Research Team were for Je‚ eries International. 12 Positions on the All-Europe Research Team were for Santander Investment Bolsa. 13 Positions on the All-Europe Research Team were for ING Financial Markets. 14 Positions on the All-Europe Research Team were for Kepler Capital Markets. | ||||||
