The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Poll of polls 1999: Turn over at the top

This year's poll of polls reveals a shuffling of the pack among the leading firms in the capital raising, trading, advisory and risk management worlds. A synthesis of all polls run by Euromoney in 1999 evaluates those firms which have real strength across the board.

A new pecking order emerges in this year's definitive guide to the top-flight in finance. Deutsche Bank heads up the rankings, boosted by its acquisition-based charge into investment banking. Its $10 billion purchase of Bankers Trust, completed in June, continues the refocusing on corporate and institutional clients (GCI) that contributed over half of Deutsche's six month profits in the year to June. The bank is particularly strong in trading debt, derivatives and currencies. Weaknesses remain in equity research, Asian equity and M&A - areas in which second rankedMerrill Lynch still tops or is near the top of the league tables. After recent traumas Merrill has improved its debt underwriting score but is still let down by its lack of presence in the European short-term paper market and in risk management.

Morgan Stanley Dean Witter has climbed in the overall rankings thanks largely to its role as second most active underwriter for international bond and equity issues this year. Its advisory ranking was boosted by much better credit research and M&A scores. Warburg Dillon Read has disappointed this year, with scores falling most dramatically in ECP and equity underwriting, equity and foreign exchange trading, risk management and credit research.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree