TopGun Investment Banking Poll Identifies World Figures

Performance Specialists Brendan Wood World today released the quarterly results of its TopGun investment banking by the world’s most ‘deal-active’ corporations. The TopGun search for the best in banking identified BOA Merrill’s worldwide banking brand as rated higher than Goldman Sachs, Morgan Stanley and lots of other first class firms in the bulge bracket. According to the worldwide charge attribution in the Brendan Wood Competitive Index*, BOA Merrill Lynch is fast joining rival JP Morgan as the industry’s leading money generators. “Whatever else Mr. Lewis may celebrate or regret in his memoirs, his role in developing Banc of America Stocks over a decade and his gutsy call on Merrill Lynch in an environment of intense pressure are incontrovertible feats” said Brendan Wood, Senior Partner and Chairperson of Brendan Wood International. “In an environment of negative public opinion towards the banking community at large, according to the Brendan Wood Worldwide Panel of company executives BOA Merrill Lynch has enlarged its franchise, increased the trust and confidence of its clients, and demonstrated its ability to provide ‘best in class’ services to its company clients.” . Although B. O. A Merrill Lynch now rivals the legendary Goldman Sachs brand, not so in the M&A advisory world, where Goldman Sachs obviously excels.

However when the full range of investment banking products is rated, BofA Merrill’s brand ranked second only to JP Morgan. More compelling information are the world client ratings of BofA’s professional financiers. In the urgent TopGun Banker category, corporate clients ranked BofA Merrill even with Goldman Sachs on an “across the board basis” for its share of TopGun bankers.

TopGun financiers were identified deal by deal by the Brendan Wood World World Panel representing a world forum of company management whose selection calls award the majority of banking charges. Post-deal debriefs conducted by Brendan Wood partners reconstruct transactions to form discernment for corporate management and investment banks on ideal performance. Though clients rate M&A a Goldman Sachs stronghold together with Morgan Stanley, the wave of BofA TopGuns is emerging from debt into the relationally intense Equity and M&A worlds. The second being the most steep challenge. “When it comes to the dependable M&A counsellor, the industry’s client base spreads out significantly.

Chairpersons place a high value on the individual, frequently larger than the institution. Roughly seventy percent of these vital relationships are exactly private. Many of those influential relations are held by independant firms like Rothschild, Greenhill, Lazard, Evercore and others,” continued Mr. Wood. That dispersion of relations makes M&A harder territory for conventional banks to rule, though JP Morgan holds 7.7% M&A share of the market, second only to Goldman Sachs. Initially quarter 2011, JP Morgan emerged as the general world investment banking leader setting the standards for aggregate size and quality with BofA Merrill close behind and gaining momentum. . M&A competition varies substantially from one geographic venue to another.

For example, Goldman Sachs leads the field in the U. S. along with JP Morgan and Morgan Stanley whereas in Europe, the independent and terribly highly-regarded Rothschild is in third position and is mostly a close contender for 1st place. In fact, the selectively centered Rothschild relationship management technique effectively wins remits for the advisor in 89% of its offers whereas the industry average is roughly 61%. Rothschild, also a major cross-border advisor across the world is not quite so ubiquitous in the U.S. Domestic market.

Clients gave rival Lazard about equal ratings in both the U.S. Jointly, clients are awarding approximately 30 % of their M&A mandates to non-bank owned and specialty firms. Morgan Stanley is a force to reckon with in a fiercely competitive equity market. Morgan Stanley holds 1st place with JP Morgan an inch behind. Goldman Sachs, Bank of America Merrill Lynch and UBS round out the top five.

While JP Morgan benefits from its Cazenove purchase, Morgan Stanley’s team has achieved this position organically. BofA, with its 2nd place share of TopGun bankers, is placed to rise to third in 2011, displacing rival Goldman Sachs. Brendan Wood’s Predictive Banking Performance Index places BofA Merrill Lynch in second place for world banking come year end 2011. Mr. Lewis, who from time to time voiced frustration with the investment banking side of the business, may have transformed his arch enemy his best legacy. If BofA finds the key to expansion in its M&A franchise there might be no looking backwards.

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