J.P. Morgan, which leads the All-America Fixed-Income Research Team for a third year running, with 51 positions (one fewer than last year), bumps its overall total to 171 and pushes past Deutsche Bank to claim second place. The German financial services firm is now No. 3, with a total count of 161. In fourth place overall is Morgan Stanley, with 122. Citi and UBS tie for fifth, with 106 slots each.
With the winners in the 343 spots on this years All-America Research Team yet to be announced, any one of these firms could lay claim to the title of IIs Top Global Research Firm of 2012. BofA Merrill was our Top Global Research Firm of 2011, with 226 total team positions. J.P. Morgan came in second overall, with 202 places, followed by Deutsche Bank in third, with 163. Rounding out last years top five were Morgan Stanley, with 141, then UBS, with 135.
II will announce the results of this years All-America Research Team in mid-October.
|The 2012 Top Global Research Firms: Year to Date 1|
|1||Bank of America Merrill Lynch|
|3||Deutsche Bank 3||161||36||32||29||64|
|4||Morgan Stanley 4||122||14||14||25||69|
|10||Goldman, Sachs & Co 6||47||8||12||10||17|
|13||China International Capital Corp.||27||5||4||2||16|
|14||CLSA Asia-Pacific Markets||23||4||6||1||12|
|17||Wells Fargo Securities||20||3||4||8||5|
|18||Daiwa Capital Markets 9||19||2||1||3||13|
|21||Macquarie Securities 10||13||1||2||7||3|
|22||Royal Bank of Scotland 11||11||1||2||1||7|
|24||Sanford C. Bernstein & Co 12||10||7||0||1||2|
|25||Jefferies International 13||9||1||2||1||5|
|26||Exane BNP Paribas14||8||1||2||0||5|
|28||Mitsubishi UFJ Morgan Stanley Securities Co.||7||2||1||1||3|
|28||Mizuho Securities Group||7||0||2||2||3|
|30||BNP Paribas Securities 15||6||0||0||2||4|
|31||RBC Capital Markets||5||0||1||2||2|
|31||SMBC Nikko Securities||5||1||1||0||3|
|33||Crédit Agricole Cheuvreux||4||0||3||0||1|
|35||CRT Capital Group||3||2||0||0||1|
|35||Standard Chartered Bank||3||0||1||0||2|
|40||Kempen & Co.||2||0||1||0||1|
|42||ABG Sundal Collier||1||0||0||1||0|
|42||Amherst Securities Group||1||0||0||0||1|
|42||Banco Português de Investimento||1||0||0||1||0|
|42||Batlivala & Karani Securities India||1||1||0||0||0|
|42||Carnegie Investment Bank||1||0||0||0||1|
|42||Commerzbank Corporates & Markets||1||0||0||0||1|
|42||Emkay Global Financial Services||1||0||0||1||0|
|42||Handelsbanken Capital Markets||1||0||1||0||0|
|42||ING Equity Markets||1||0||0||1||0|
|42||Keefe, Bruyette & Woods||1||0||0||0||1|
|42||LarrainVial Corredora de Bolsa||1||0||1||0||0|
|42||Okasan Securities Co.||1||0||0||0||1|
|42||Otkritie Financial Corp.||1||0||0||0||1|
|42||J. Safra Corretora||1||0||0||1||0|
|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, Emerging-Markets Equity & Fixed-Income Research Team, All-Russia Research Team, Latin America Research Team, All-Brazil Research Team and All-America Fixed-Income Research Team. |
2 Positions on the All-Europe Research Team were for J.P. Morgan Cazenove.
3 Positions on the All-Japan Research Team were for Deutsche Securities; on the Latin America Research Team and on the All-Brazil Research Team, positions were for Deutsche Bank Securities.
4 Positions on the All-Japan Research Team were for Morgan Stanley MUFG Securities Co.
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.; and on the All-America Fixed-Income Research Team, positions were for Nomura Securities International.
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 and the All-Russia Research Team were for Goldman Sachs.
7 BTG Pactual acquired Celfin Capital in February 2012.
8 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Santander Investment Bolsa.
9 Positions on the All-Japan Research Team were for Daiwa Securities Group.
10 Positions on the All-Asia Research Team, the All-China Research Team and the All-India Research Team were for Macquarie Capital Securities.
11 Positions on the All-America Fixed-Income Research Team were for RBS Securities.
12 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Sanford C. Bernstein.
13 Positions on the All-China Research Team, the All-India Research Team and the All-America Fixed-Income Research Team were for Jefferies & Co.
14 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).
15 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).
16 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for HSBC Bank.