Sberbank Retakes Summit of All-Russia Research Team

Last year VTB Capital knocked Sberbank CIB out of the top spot on the All-Russia Research Team, Institutional Investor’s exclusive annual ranking of the nation’s best sell-side analysts. This year Sberbank returns the favor. It captures 12 positions, one fewer than in 2014 but one more than VTB Capital, whose total falls by three.

Deutsche Bank is No. 3 for a seventh straight year. Its total of seven also reflects a loss of three positions. In fourth place for a third year running is Bank of America Merrill Lynch, with six spots, down from seven in 2014. UBS, in fifth place, is alone among this year’s top-five firms in earning the same number of appearances as last year, five.

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June 2, 2015

Survey results reflect the opinions of 340 individuals at 240 buy-side institutions that oversee an estimated $121 billion in Russian equity and fixed-income assets.

Thirteen firms appear on this year’s roster, including two debuters: Barclays and BCS Financial Group. Click on the Leaders link in the navigation table at right to view the full list.

Of the 12 analysts who top their respective rosters, seven are returning champs:

  • Kingsmill Bond of Sberbank CIB, Equity Strategy;
  • Evgeny Gavrilenkov of Sberbank CIB, Economics;
  • Julia Gordeyeva of Sberbank CIB, Real Estate;
  • Ivan Kim of VTB Capital, Telecommunications;
  • Mikhail Rasstrigin of VTB Capital, Utilities;
  • Elena Sakhnova of VTB Capital, Industrials; and
  • Mikhail Shlemov of UBS, Financial Services.
  • Three rise from second place:

  • Alexey Bulgakov of Sberbank CIB, Corporate Debt;
  • George Buzhenitsa of Deutsche Bank, Metals & Mining; and
  • Alexander Kudrin of Sberbank CIB, Fixed-Income Strategy.
  • One leaps from runner-up:

  • Svetlana Sukhanova of UBS, Consumer.
  • And there is one newcomer:

  • Alexander Fak shoots straight in at No. 1 in Oil & Gas; the Sberbank CIB researcher replaces former colleague (and six-time sector leader) Oleg Maximov, who moved to the buy side last summer.
  • Three analysts are dually ranked this year:

  • George Buzhenitsa of Deutsche Bank, No. 1 in Metals & Mining and No. 2 in Real Estate;
  • Maria Kolbina of VTB Capital, No. 3 in both Consumer and Real Estate; and
  • Yaroslav Lissovolik of Deutsche Bank, No. 2 in Economics and No. 3 in Equity Strategy.
  • Only three analysts have made the team every year since it was introduced, in 2004:

  • Evgeny Gavrilenkov of Sberbank CIB, No. 1 in Economics;
  • Alexander Kazbegi of Renaissance Capital, runner-up in Telecommunications; and
  • Alexander Kudrin of Sberbank CIB, No. 1 in Fixed-Income Strategy.
  • Among other highlights of this year’s results:

  • Sberbank CIB’s Evgeny Gavrilenkov celebrates his eighth consecutive (and ninth overall) appearance at No. 1 in Economics, the longest winning streak among currently ranked analysts. VTB Capital’s Elena Sakhnova lays claim to the second-longest streak; she captures the top spot in Industrials for a sixth straight year.
  • Fully half of this year’s top-ranked researchers hail from Sberbank CIB. That’s at least double the number of first-place finishes claimed by any other firm. VTB Capital has three; UBS, two; and Deutsche Bank, one.
  • Deutsche Bank is the only top-five firm with no runner-up positions. All of its ranked analysts earn third place or better.
  • Click on the Best Analysts of the Year in the navigation table to view profiles of the researchers in first, second and third places, and to find information about when they debuted in their sectors, the total number of appearances they have amassed to date, their total appearances at No. 1 (where applicable) and comments from money managers about what distinguishes each analyst from his or her peers. Also available at that link is a list of individuals who earn a runner-up spot in each sector. Please note: Information about researchers in the second and third positions, and runners-up, is available to subscribers only.

    To learn more about how this ranking was compiled, click on Methodology.