Deutsche is World's Top Research Firm - So Far

Bank of America Merrill Lynch was the Top Global Research Firm of 2011, having captured more positions across all Institutional Investor research-team surveys than any other firm. But so far this year, Deutsche Bank is out in front.

The table below shows the aggregated results of the two surveys published thus far in 2012: All-Europe Research Team and the All-Europe Fixed-Income Research Team . Deutsche Bank wins a whopping 53 total team positions (first, second, third place and runners-up) across the two surveys, well ahead of second-place J.P. Morgan's 38. We will update this table on April 3, when the results of the 2012 All-Japan Research Team are released, and then throughout the year as the winners of each survey are announced.

Rank	Firm	Total Team Positions1	First Team	Second Team	Third Team	Runners Up
1	Deutsche Bank	53	22	9	10	12
2	J.P.Morgan 2	38	12	7	5	14
3	BofA Merrill Lynch	36	7	14	6	9
4	UBS	32	2	6	4	20
5	Morgan Stanley	30	4	5	9	12
6	Barclays Capital	20	5	3	2	10
7	Citi	18	2	3	3	10
8	Credit Suisse	17	0	2	6	9
9	Nomura 3	12	0	2	2	8
10	Sanford C. Bernstein & Co.4	10	7	0	1	2
11	Exane BNP Paribas5	8	1	2	0	5
11	Royal Bank of Scotland	8	0	1	1	6
13	Crédit Agricole Cheuvreux	4	0	3	0	1
13	Société Générale	4	0	0	0	4
15	BNP Paribas Securities6	2	0	0	1	1
15	Goldman, Sachs & Co.7	2	0	0	1	1
15	Kempen & Co.	2	0	1	0	1
15	Redburn Partners	2	0	0	1	1
12	ABG Sundal Collier	1	0	0	1	0
19	Autonomous Research	1	0	0	0	1
19	Banco Português de Investimento	1	0	0	1	0
19	Berenberg Bank	1	0	0	1	0
19	Carnegie Investment Bank	1	0	0	0	1
19	Commerzbank Corporates & Markets	1	0	0	0	1
19	Davy	1	1	0	0	0
19	Equita S.I.M.	1	0	1	0	0
19	Fidentiis Equities	1	0	1	0	0
19	Goodbody Stockbrokers	1	0	1	0	0
19	Handelsbanken Capital Markets	1	0	1	0	0
19	Helvea	1	0	0	0	1
19	HSBC8	1	0	0	1	0
19	ING Equity Markets	1	0	0	1	0
19	Intermonte	1	0	0	0	1
19	Jefferies International	1	0	0	0	1
19	Keefe, Bruyette & Woods	1	0	0	0	1
19	Macquarie Securities	1	0	0	1	0
19	MainFirst Bank	1	0	1	0	0
19	Mediobanca	1	0	0	1	0
19	N+1 Equities	1	0	0	0	1
19	Oddo Securities	1	0	0	0	1
19	Petercam	1	0	0	0	1
19	Rabobank	1	1	0	0	0
19	Santander9	1	1	0	0	0
19	SEB Enskilda	1	1	0	0	0
19	Vontobel	1	0	0	1	0

¹ The totals shown include positions won on the All-Europe Research Team and the All-Europe Fixed-Income Research Team.
² Positions on the All-Europe Research Team were for J.P. Morgan Cazenove.
³ Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Nomura International.
⁴ Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Sanford C. Bernstein.
⁵ Positions on the All-Europe Fixed-Income Research Team were for BNP Paribas Securities.
⁶ Positions on the All-Europe Research Team were for Exane BNP Paribas.
⁷ Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Goldman Sachs International.
⁸ Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for HSBC Bank.
⁹ Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Santander Investment Bolsa.