Bank of America Merrill Lynch Puts End To UBS 12 Year Winning Streak

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Bank of America Merrill Lynch claimed the crown for leading pan-European brokerage firm for equity and equity-linked research in the Thomson Reuters Extel rankings, putting an end to a 12-year run for UBS.

Thomson Reuters has announced the results of the milestone 40th annual Thomson Reuters Extel Survey. Considered the leading benchmark for excellence in investment banking and asset management, the pan-European survey highlights achievement across the buy-side, sell-side and corporate communities.

Considered the leading benchmark for excellence in investment banking and asset management, the pan-European survey highlights achievement across the buy-side, sell-side and corporate communities.

The 2013 Thomson Reuters Extel Survey continues to capture deeper, more analytical data from all the key market practitioners than ever before. Voting was conducted primarily online and ran from 26 March to 3 May 2013. It reflects the contribution of over 2,200 buy-side firms, 2,500 analysts from 250 brokerage firms/research houses and nearly 1,000 of Europe’s largest quoted companies worldwide – over 15,000 individual voters in total, casting over 670,000 votes. All data, votes received and methodology applied were independently checked and verified by Deloitte.

Highlights of the key winners from the 2013 Survey are:

• Leading Pan-European Brokerage Firm for Equity and Equity-Linked Research: Bank of America Securities – Merrill Lynch

• Leading Pan-European Fund Management Firm: JP Morgan Asset Management

• Leading Pan-European Individual Equity Analyst: Andrew Wood, Sanford C. Bernstein

• Leading Pan-European Sector Team (Equity): Capital Goods Team, Bank of America Securities - Merrill Lynch

• Leading Pan-European Hedge Fund: GLG Partners

• Leading Pan-European Quoted Company for IR: Allianz SE

The 2013 Thomson Reuters Extel Survey identified a number of industry trends, which include:

• Access to company management remains highly prized by investors, and vital in their decision process

• Sustainabilty and ESG issues matter more for investors, but they want research to be integrated into mainstream analysis & themes

• All sides of the investment community are highly interested in social media, but struggle to identify practical applications for investment decision support

'The Thomson Reuters Extel survey 2013 has seen yet another record in terms of participation. Whilst that gives us an unrivalled set of detailed data and insights for the market, it demonstrates too how, in these challenging times, direct client service, and a strong business proposition are truly valued and recognized', commented Steve Kelly, managing director of Extel at Thomson Reuters.

The Thomson Reuters Extel Survey bestows over 450 awards covering equity sectors, economics and strategy, equity derivatives, and emerging markets categories.

Results for the key 2013 categories (2012 in brackets where applicable) are:

Leading Pan-European Brokerage Firm for Trading & Execution

1 UBS (1)
2 Morgan Stanley (2)
3 Credit Suisse (4)

Leading Pan-European Fund Management Individual

1 Philip Guest, UBS Global AM (2)
2 Peter Lawrence, JP Morgan Asset Management (1)
3 Marco Signorini, Tudor Capital (3)

Leading Pan-European Brokerage Firm for Operations

1 Deutsche Bank (3)
2 UBS (1)
3 Citi (2)

Leading Pan-European Investor Relations Professional

1 Christian Becker-Hussong, Munich RE (24)
2 Stephan Egger, Deutsche Telekom (6)
3 Simon Mays-Smith, Pearson plc (11)

Leading Pan-European Hedge Fund

1 GLG Partners (4)
2 Tudor Capital (1)
3 Exane Asset Management (10)

Leading Pan-European Brokerage Firm for Equity Sales

1 Citi (3)
2 UBS (1)
3 Bank of America Securities – Merrill Lynch (2)

Leading Brokerage Firm for UK Small & Mid Caps

1 Numis Securities (2)
2 Peel Hunt (3)
3 Investec Securities (1)

Leading Pan-European Specialist Sales Person

1 Gerard Zaffran, Bank of America Securities – Merrill Lynch (1)
2 Pilar Rocafort, UBS (3)
3 Sophie Warrick, JP Morgan Cazenove (62)

Leading Pan-European Brokerage Firm for Sustainability Research

1 Kepler Cheuvreux (1)
2 Bank of America Securities – Merrill Lynch (2)
3 UBS (3)

Leading Pan-European Equity Analyst

1 Andrew Wood, Sanford C. Bernstein (1)
2 Andreas Willi, JP Morgan Cazenove (11)
3 Antoine Belge, HSBC (3)

Leading Pan-European Fund Management Firm

1 JP Morgan Asset Management (1)
2 Fidelity Management & Research (2)
3 Blackrock Investment Management (5)

Leading Pan-European Quoted Company for Investor Relations

1 Allianz SE (5)
2 Vodafone Group plc (16)
3 Sanofi (1)

Leading Pan-European Brokerage Firm for Equity & Equity-Linked Research

1 Bank of America Securities – Merrill Lynch (2)
2 UBS (1)
3 Morgan Stanley (3)

To view the headline results visit www.extelsurveys.com

 

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