April 2003
Credit research poll 2003: Bye-bye sell side, hello buy side
Things are so tough in investment banking that major institutions are prepared to let award-winning credit analysts decamp to the buy side. Among them are some high-fliers in Euromoney's latest annual credit research poll. Kathryn Tully reports.
A look at the top positions in each category in Euromoney's most comprehensive ever credit research poll shows that Deutsche Bank has performed particularly strongly in 2003, winning six out of 18 categories, coming second in five and third in another four. This is an impressive achievement and an improvement on Deutsche's results in last year's poll in most categories. The bank was particularly successful in high yield, winning four out of five categories.
So it's surprising to learn that two of Deutsche's most senior analysts responsible for these victories - identified in a poll drawing responses from 950 credit market investors responsible for over e3 trillion of assets under management - have been made redundant since...
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