Itaú BBA has reclaimed the top spot in Institutional Investor’s ranking of Brazil’s best equity sales teams, after falling to fourth place last year.
The Brazilian bank unseated another São Paulo-based provider, BTG Pactual, which dropped to third place below No. 2 Bradesco BBI. A further reshuffling of the rankings saw UBS crack the top five to take fourth place and Credit Suisse slip from third to fifth.
Nearly 400 buy-side analysts and money managers responsible for almost $100 billion in Brazil equities voted in the seventh-annual survey.