NEW YORK, NY--(Marketwire - May 21, 2012) - Bank of America Merrill Lynch takes top honors in Institutional Investor's inaugural ranking of Asia's Best Brokerages. UBS lands in second place, followed by Morgan Stanley in third.
Complete results can be found at www.institutionalinvestor.com.
The Best Brokerages ranking reflects the performance of sell-side firms that receive votes in all three of the magazine's All-Asia surveys: research, sales and trading services. Firms must meet minimum-vote and other eligibility requirements to appear in these rankings; results of the three surveys were retabulated to determine the brokerage winners.
When these aggregated totals are further screened by the country in which each firm is domiciled, China International Capital Corp. is deemed China's Best Brokerage, CIMB Securities is tops in Malaysia, Macquarie Capital Securities is No. 1 in Australia/New Zealand, and Samsung Securities is the Best Brokerage in South Korea.
For the purposes of this ranking, global banks headquartered outside Asia are considered domiciled in the country in which their primary Asian operations are based.
BAML captured first place for a second straight year in the All-Asia Research Team survey and debuted in first place in II's inaugural All-Asia Sales Team ranking. It finished second on the magazine's new All-Asia Trading Team ranking, behind UBS. The latter institution placed fourth in research and second in sales.
Third-place Morgan Stanley was ranked No. 6 in research, No. 4 in sales and No. 3 in trading.
For more information contact Alyssa Walker at awalker@iiresearchgroup.com or (212) 224-3677.
About Institutional Investor
Now entering its fifth decade, Institutional Investor has consistently distinguished itself among the world's foremost financial publications with groundbreaking journalism and incisive writing that provides essential intelligence for a global audience. In addition, Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks. For more information, visit www.institutionalinvestor.com.
Contact Information:
Contact:
Alyssa Walker
awalker@iiresearchgroup.com
(212) 224-3677