With its 17 positions on the Emerging-Markets Equity & Fixed-Income Research Team, Bank of America Merrill Lynchs cumulative 2012 total rises to 137 more than enough to retain first place on Institutional Investors Top Global Research Firms: Year to Date ranking.
Deutsche Bank holds steady in second place, with 127 positions, and UBS repeats at third, with 102. These are the only firms that have racked up triple-digit team-position totals in the results released thus far this year.
With regard to analysts and teams deemed the best in their respective sectors, Deutsche Bank pulls ahead, with 36. Earlier this month the Frankfurt-based financial services firm tied with BofA Merrill each had 32 but the U.S. firm, now with 34, slips to second according to this metric. Citi, in sixth place overall, has the third-highest number of top-ranked analysts and teams.
Deutsche Bank also becomes the first firm to win more than one survey this year. Its victory in the emerging-markets survey was preceded by its No. 1 finish on the All-Europe Research Team in February. Other winners so far include BofA Merrill, the All-Asia Research Team; China International Capital Corp., the All-China Research Team; CLSA Asia-Pacific Markets, the All-India Research Team; J.P. Morgan, the All-Europe Fixed-Income Research Team; Morgan Stanley, All-India Research Team; and Nomura Securities Co., the All-Japan Research Team.
Institutional Investor will update this table tomorrow with the release of the All-Russia Research Team results.
|The 2012 Top Global Research Firms: Year to Date 1|
|1||Bank of America Merrill Lynch|
|2||Deutsche Bank 2||127||36||25||21||45|
|4||Morgan Stanley 3||99||9||10||21||59|
|5||J.P. Morgan 4||98||16||25||13||44|
|9||China International Capital Corp.||27||5||4||2||16|
|11||CLSA Asia-Pacific Markets||23||4||6||1||12|
|12||Goldman, Sachs & Co. 6||20||3||5||3||9|
|13||Daiwa Capital Markets 7||19||2||1||3||13|
|14||Macquarie Securities 8||13||1||2||7||3|
|15||Sanford C. Bernstein & Co. 9||10||7||0||1||2|
|17||Exane BNP Paribas 10||8||1||2||0||5|
|17||Royal Bank of Scotland||8||0||1||1||6|
|20||Mitsubishi UFJ Morgan Stanley Securities Co.||7||2||1||1||3|
|20||Mizuho Securities Group||7||0||2||2||3|
|23||BNP Paribas Securities 11||6||0||0||2||4|
|23||Jefferies International 12||6||0||2||1||3|
|25||SMBC Nikko Securities||5||1||1||0||3|
|27||Crédit Agricole Cheuvreux||4||0||3||0||1|
|29||Standard Chartered Bank||3||0||1||0||2|
|32||Kempen & Co.||2||0||1||0||1|
|35||ABG Sundal Collier||1||0||0||1||0|
|35||Banco Português de Investimento||1||0||0||1||0|
|35||Batlivala & Karani Securities India||1||1||0||0||0|
|35||Carnegie Investment Bank||1||0||0||0||1|
|35||Commerzbank Corporates & Markets||1||0||0||0||1|
|35||Emkay Global Financial Services||1||0||0||1||0|
|35||Handelsbanken Capital Markets||1||0||1||0||0|
|35||ING Equity Markets||1||0||0||1||0|
|35||Keefe, Bruyette & Woods||1||0||0||0||1|
|35||Okasan Securities Co.||1||0||0||0||1|
|1 The totals shown include positions won on Institutional Investors All-Europe Research Team, All-Europe Fixed-Income Research Team, All-Japan Research Team, All-Asia Research Team, All-China Research Team, All-India Research Team and Emerging-Markets Equity & Fixed-Income 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 Nomura International; on the All-Japan Research Team, positions were for Nomura Securities Co.
6 Positions on the All-Europe Research Team and the All-Europe Fixed-Income 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, the All-China Research Team and the All-India Research Team were for Goldman Sachs (Asia); and positions on the Emerging-Markets Equity & Fixed-Income Research Team were for Goldman Sachs.
7 Positions on the All-Japan Research Team were for Daiwa Securities Group.
8 Positions on the All-Asia Research Team, the All-China Research Team and the All-India Research Team were for Macquarie Capital Securities.
9 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Sanford C. Bernstein.
10 Positions on the All-Europe Fixed-Income Research Team were for BNP Paribas Securities; on the All-Asia Research Team and the All-China Research Team, positions were for BNP Paribas Securities (Asia).
11 Positions on the All-Europe Research Team were for Exane BNP Paribas; on the All-Asia Research Team and the All-China Research Team, positions were for BNP Paribas Securities (Asia).
12 Positions on the All-China Research Team and the All-India Research Team were for Jefferies & Co.
13 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for HSBC Bank.
14 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Santander Investment Bolsa.