NEW YORK, NY--(Marketwired - Dec 10, 2013) - For a third year running, Bank of America Merrill Lynch is Institutional Investor's Top Global Research Firm of the Year, a ranking based on the aggregated results of the magazine's 12 annual research surveys.

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BofA Merrill captured 257 total team positions across the 12 surveys, 21 more than last year and 47 more than J.P. Morgan, which returns in second place despite losing four spots, leaving it with 210.

Deutsche Bank's losses are far more dramatic. The German financial services firm manages to hold on to third place overall even though its total falls by 25, to 168. Morgan Stanley, again at No. 4, claims 154 positions, one fewer than in 2012.

Credit Suisse's total is unchanged at 119; nonetheless, it jumps from seventh place to fifth, its upward momentum boosted by declines at Citi and UBS. Those firms shared the No. 5 spot last year but drop to sixth and eighth place, respectively. Citi's count is down by 16, to 113, while UBS's slumps by 26, to 103.

BofA Merrill is the only firm in the top ten with more total team positions this year than last. It claimed first place in three of this year's surveys: the All-Asia, All-India and Emerging Europe, Middle East & Africa research teams. J.P. Morgan matched that feat, topping the All-America, All-America Fixed-Income and All-Europe Fixed-Income research team rosters.

Six firms led coverage in the other six countries/regions: BTG Pactual, Brazil; China International Capital Corp., China; Deutsche Bank, Europe (equities); Itaú BBA, Latin America; Nomura Securities Co., Japan; and Sberbank CIB, Russia.

For more information, contact Alyssa Walker at or (212) 224-3677.

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