NEW YORK, NY, May 13, 2013 (Marketwired via COMTEX) -- Bank of America Merrill Lynch leads Institutional Investor's All-Asia Research Team for a third consecutive year. Credit Suisse and Morgan Stanley, in second and third place, respectively, make huge gains in the magazine's annual ranking of the region's most highly regarded sell-side analysts.
Complete survey results can be found on Institutional Investor's website.
BofA Merrill captures 33 positions on this year's survey, two fewer than last year, and is home to more than twice the number of teams considered the best in their respective sectors -- 16 -- than any other bank.
Credit Suisse catapults from seventh place to second after adding six spots, bringing its total to 28. Morgan Stanley and UBS, with 27 positions each, share the third tier; the former jumps from No. 6 after picking up one slot, and the latter climbs from No. 4 despite losing one. Rounding out the top five is Deutsche Bank, which slips one notch after its total falls by two, to 26.
These results reflect the opinions of some 3,140 investment professionals at more than 980 institutions managing an estimated $1.61 trillion in non-Japanese Asian equities.
This year, for the first time, survey participants were asked to indicate which firms excel at arranging meetings with CEOs, CFOs, and other top executives at companies across the region. BofA Merrill and Morgan Stanley share top honors in the inaugural ranking of Asia's Top Corporate Access Providers, followed by Citi.
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 Institutional Investor's website or www.institutionalinvestor.com.
SOURCE: Institutional Investor
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