2007 All-Japan Best Sales Force Rankings

Nomura ranks #1 for fourth consecutive year, narrowly edging UBS; Citigroup re-emerges in Japan’s top five; Deutsche Bank makes significant gains and JPMorgan breaks into the top ten in the 2007 All-Japan Best Sales Force Rankings by Institutional Investor

Institutional Investor today released the results of its All-Japan Best Sales Force Rankings for 2007. Of 17 firms ranked, Nomura Securities maintains its first place position for the fourth straight year as UBS improves in rank to second place. Citigroup gains to earn a fifth place position and Deutsche Bank also makes a noticeable leap to seventh place.

The Japan Sales Team rankings are derived from the annual All-Japan Research Team survey. The sales portion of the survey also provides rankings across ten sales performance attributes as well as Most-Improved Firm.

The winners are as follows:

2007 All-Japan Equity Sales Rankings


Best Overall Generalist Sales Force
Rank Firm

1

Nomura Securities Co.

2

UBS

3

Daiwa Securities SMBC

4

Goldman Sachs (Japan)

5

Nikko Citigroup


6

Merrill Lynch Japan Securities Co.

7

Deutsche Securities

8

Credit Suisse

9

Morgan Stanley Japan

10

JPMorgan Securities Japan


11

Mitsubishi UFJ Securities Co.

12

Mizuho Securities

13

CLSA Asia Pacific Markets

14

Macquarie Securities (Japan)

15

Lehman Brothers Japan


16

Shinko Securities Co.

17

KBC Securities Japan

To determine the Best Generalist Sales Force, Institutional Investor surveyed Portfolio Managers, Buy-Side Analysts, Directors of Research, Chief Investment Officers and other investment management individuals at firms that manage Japanese equities. This year’s survey is based on the opinions of individuals at 134 firms both in Japan and abroad.

For more information regarding other regional surveys, industry sectors, country category rankings and the detailed reports we can provide, please contact:

Todd Giamportone

Director

Global Sales & Trading

tgiamportone@iiresearchgroup.com

212.224.3353

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