Best equity house
UBS clinches the award for best equity house in the world for the second year in a row, fending off tough competition from Goldman Sachs, Citigroup and Morgan Stanley.
UBS, Goldman, and Citi have all placed in the top five of league tables in the US, Europe and Asia for equity capital markets but it is UBS?s strength in institutional trading, sales, and research across the globe as well as in equity-linked origination that really tip the scales in its favour. Neither Goldman Sachs nor Citigroup managed to place in the top five for equity-linked in Europe or Asia, where UBS ranked third, although they placed second and fourth in the US, where UBS managed only seventh.
Morgan Stanley, a strong competitor in the US and Asia for ECM and equity-linked, and one of the strongest trading houses globally, failed to place within the top five of ECM bookrunners in Europe over the past year.
UBS has also been bookrunner on some of the most high profile ECM deals over the past year, including the $4.5 billion accelerated bookbuild for Royal Bank of Scotland, the second-largest one-day offering ever, and the Belgacom IPO, the largest in Europe since 2001.