In June, when the results of the sixth of Institutional Investor’s 12 annual research team surveys were published, a difference of only one position separated first-place Bank of America Merrill Lynch and second-place Deutsche Bank on our Global Research Leaders: Year-to-Date tally. With publication of the results of this year’s Latin America Research Team survey, BofA Merrill substantially widens its lead, to 19 spots.
The U.S. bank now has 138 total team positions; its German counterpart, 119. (These firms win 23 and five spots, respectively, on the 2013 Latin America Research Team.) Morgan Stanley holds steady in third place overall, with 101. These are the only firms to have amassed triple-digit team-position totals thus far this year.
BofA Merrill is also the reigning champ with regard to analysts and teams deemed the best in their respective sectors. It wins 36 first-place positions to Deutsche Bank’s 26. UBS captures third place when firms are measured by this metric. The Swiss bank, which is in fifth place overall (with 77 positions), has amassed 15 sector-topping appearances.
This table will be updated tomorrow, when the results of the 2013 All-Brazil Research Team are announced.
The 2013 Top Global Research Firms: Year to Date 1 |
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RANK |
FIRM |
TOTAL TEAM POSITIONS |
FIRST TEAM |
SECOND TEAM |
THIRD TEAM |
RUNNERS — UP |
1 |
Bank of America Merrill Lynch |
138 |
36 |
32 |
27 |
43 |
2 |
Deutsche Bank 2 |
119 |
26 |
27 |
19 |
47 |
3 |
Morgan Stanley 3 |
101 |
14 |
20 |
29 |
38 |
4 |
J.P. Morgan 4 |
98 |
14 |
22 |
14 |
48 |
4 |
UBS |
77 |
15 |
12 |
13 |
37 |
6 |
Credit Suisse |
72 |
5 |
9 |
7 |
51 |
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 |
24 |
7 |
5 |
5 |
7 |
11 |
BTG Pactual |
21 |
6 |
3 |
3 |
9 |
11 |
VTB Capital |
21 |
6 |
6 |
2 |
7 |
13 |
Sberbank CIB |
20 |
8 |
5 |
2 |
5 |
14 |
Daiwa Capital Markets 6 |
16 |
3 |
2 |
4 |
7 |
15 |
Mizuho Securities Group |
15 |
0 |
6 |
3 |
6 |
16 |
SMBC Nikko Securities |
14 |
2 |
1 |
3 |
8 |
17 |
CLSA Asia-Pacific Markets |
13 |
1 |
1 |
2 |
9 |
18 |
Goldman, Sachs & Co. 7 |
12 |
1 |
0 |
3 |
8 |
19 |
Exane BNP Paribas |
11 |
2 |
0 |
3 |
6 |
20 |
HSBC |
10 |
0 |
1 |
2 |
7 |
20 |
Santander 8 |
10 |
1 |
1 |
1 |
7 |
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; the All-Asia Research Team; the Emerging Europe, Middle East & Africa Research Team; the All-Russia Research Team and the Latin America 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 Nomura International; 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 Goldman Sachs International; on the All-Japan Research Team, positions were for Goldman Sachs Japan Co.; positions on the All-Asia Research team were for Goldman Sachs (Asia); and on the Emerging Europe, Middle East & Africa Research Team and the All-Russia Research Team, positions were for Goldman Sachs. 8 Positions on the All-Europe Research Team were for Santander Investment Bolsa. |
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