JPMorgan Chase & Co. has defended its crown in Latin America sales.
The global firm was named the No. 1 provider in Institutional Investor’s 2020 Latin America Sales Team, prevailing once again over a number of domestic firms.
In another repeat of last year, Brazilian bank BTG Pactual maintained its second place finish — but there is where the consistency ends in 2020’s commission-weighted leaderboard.
Credit Suisse rose two spots to take third, while Santander rocketed from tenth place to No. 4. BofA Securities rounded out the top five this year, after placing eighth in 2019.
When votes were weighted by respondent assets under management, the top two spots still went to JPMorgan and BTG Pactual, in that order. However, Santander and Credit Suisse switched positions, and Morgan Stanley claimed fifth place instead of BofA.