With its 17 positions on the Emerging-Markets Equity & Fixed-Income Research Team, Bank of America Merrill Lynch’s cumulative 2012 total rises to 137 — more than enough to retain first place on Institutional Investor’s Top Global Research Firms: Year to Date ranking.
Deutsche Bank holds steady in second place, with 127 positions, and UBS repeats at third, with 102. These are the only firms that have racked up triple-digit team-position totals in the results released thus far this year.
With regard to analysts and teams deemed the best in their respective sectors, Deutsche Bank pulls ahead, with 36. Earlier this month the Frankfurt-based financial services firm tied with BofA Merrill — each had 32 — but the U.S. firm, now with 34, slips to second according to this metric. Citi, in sixth place overall, has the third-highest number of top-ranked analysts and teams.
Deutsche Bank also becomes the first firm to win more than one survey this year. It’s victory in the emerging-markets survey was preceded by its No. 1 finish on the All-Europe Research Team in February. Other winners so far include BofA Merrill, the All-Asia Research Team; China International Capital Corp., the All-China Research Team; CLSA Asia-Pacific Markets, the All-India Research Team; J.P. Morgan, the All-Europe Fixed-Income Research Team; Morgan Stanley, All-India Research Team; and Nomura Securities Co., the All-Japan Research Team.
Institutional Investor will update this table tomorrow with the release of the All-Russia Research Team results.
The 2012 Top Global Research Firms: Year to Date 1 RANK FIRM TOTAL
TEAM
POSITIONS FIRST
TEAM SECOND
TEAM THIRD
TEAM RUNNERS —
UP 1 Bank of America Merrill Lynch 137
34 32 31 40 2 Deutsche Bank 2 127 36 25 21 45 3 UBS 102 17 19 17 49 4 Morgan Stanley 3 99 9 10 21 59 5 J.P. Morgan 4 98 16 25 13 44 6 Citi 90 20 15 13 42 7 Credit Suisse 66 4 8 13 41 8 Nomura 5 65 10 11 11 33 9 China International Capital Corp. 27 5 4 2 16 10 Barclays Capital 25 6 3 6 10 11 CLSA Asia-Pacific Markets 23 4 6 1 12 12 Goldman, Sachs & Co. 6 20 3 5 3 9 13 Daiwa Capital Markets 7 19 2 1 3 13 14 Macquarie Securities 8 13 1 2 7 3 15 Sanford C. Bernstein & Co. 9 10 7 0 1 2 16 Renaissance Capital 9 1 0 1 7 17 Exane BNP Paribas 10 8 1 2 0 5 17 Kotak Securities 8 4 1 1 2 17 Royal Bank of Scotland 8 0 1 1 6 20 Mitsubishi UFJ Morgan Stanley Securities Co. 7 2 1 1 3 20 Mizuho Securities Group 7 0 2 2 3 20 VTB Capital 7 4 0 0 3 23 BNP Paribas Securities 11 6 0 0 2 4 23 Jefferies International 12 6 0 2 1 3 25 SMBC Nikko Securities 5 1 1 0 3 25 Troika Dialog 5 1 1 1 2 27 Crédit Agricole Cheuvreux 4 0 3 0 1 27 Société Générale 4 0 0 0 4 29 Edelweiss Securities 3 0 1 1 1 29 IIFL 3 0 1 0 2 29 Standard Chartered Bank 3 0 1 0 2 32 HSBC 13 2 0 0 2 0 32 Kempen & Co. 2 0 1 0 1 32 Redburn Partners 2 0 0 1 1 35 ABG Sundal Collier 1 0 0 1 0 35 Autonomous Research 1 0 0 0 1 35 Banco Português de Investimento 1 0 0 1 0 35 Batlivala & Karani Securities India 1 1 0 0 0 35 Berenberg Bank 1 0 0 1 0 35 Carnegie Investment Bank 1 0 0 0 1 35 CIMB Securities 1 0 0 0 1 35 Commerzbank Corporates & Markets 1 0 0 0 1 35 Davy 1 1 0 0 0 35 EFG-Hermes 1 0 1 0 0 35 Emkay Global Financial Services 1 0 0 1 0 35 Equita S.I.M. 1 0 1 0 0 35 Fidentis Equities 1 0 1 0 0 35 Goodbody Stockbrokers 1 0 1 0 0 35 Handelsbanken Capital Markets 1 0 1 0 0 35 Helvea 1 0 0 0 1 35 ICICI Securities 1 0 0 1 0 35 ING Equity Markets 1 0 0 1 0 35 Intermonte 1 0 0 0 1 35 Investec Securities 1 0 0 1 0 35 Keefe, Bruyette & Woods 1 0 0 0 1 35 MainFirst Bank 1 0 1 0 0 35 Mediobanca 1 0 0 1 0 35 N+1 Equities 1 0 0 0 1 35 Oddo Securities14 1 0 0 0 1 35 Okasan Securities Co. 1 0 0 0 1 35 Petercam 1 0 0 0 1 35 Rabobank 1 1 0 0 0 35 Samsung Securities 1 0 0 0 1 35 Santander 14 1 1 0 0 0 35 SEB Enskilda 1 1 0 0 0 35 Vontobel 1 0 0 1 0 35 Yuanta Research 1 0 0 0 1 1 The totals shown include positions won on Institutional Investor’s 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 and Emerging-Markets Equity & Fixed-Income Research Team.
2 Positions on the All-Japan Research Team were for Deutsche Securities.
3 Positions on the All-Japan Research Team were for Morgan Stanley MUFG Securities Co.
4 Positions on the All-Europe Research Team were for J.P. Morgan Cazenove.
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.
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 were for Goldman Sachs.
7 Positions on the All-Japan Research Team were for Daiwa Securities Group.
8 Positions on the All-Asia Research Team, the All-China Research Team and the All-India Research Team were for Macquarie Capital Securities.
9 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Sanford C. Bernstein.
10 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).
11 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).
12 Positions on the All-China Research Team and the All-India Research Team were for Jefferies & Co.
13 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for HSBC Bank.
14 Positions on the All-Europe Research Team and the All-Europe Fixed-Income Research Team were for Santander Investment Bolsa.