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Bank of America Merrill Lynch seizes first place on the Emerging Europe, Middle East & Africa Research Team, Institutional Investor's exclusive annual ranking of the region's best sell-side analysts, for a fourth straight year. The firm earns a spot in all but one of the survey's 21 sectors, missing out only for coverage of Central & Eastern Europe (CE3).
Complete results can be found at www.institutionalinvestor.com/rankings.
J.P. Morgan's team total rises by one, to 14, and that's enough to move the bank up a notch to No. 2. Citi leaps three levels to third place after boosting its total from eight to 13. Deutsche Bank, last year's No. 2 firm, tumbles to fourth place after losing four spots, leaving it with 11. UBS repeats at No. 5; its total rises by one, to ten.
The 2016 Emerging EMEA Research Team reflects the opinions of more than 630 individuals at 375 institutions that collectively manage an estimated $320 billion in regional equities and $157 billion in emerging EMEA debt.
Sixteen firms are represented in this year's results, including two that didn't appear last year: BCS Global Markets and Wood & Co.
A total of 134 team leaders appear on this year's roster, which is limited to the top three squads in each sector, plus runners-up where applicable. The full report names 325 researchers, representing 41 entities, who met minimum-vote and other eligibility criteria.
