Awards for Excellence 2007: Best Emerging Markets Equity House
The Swiss bank dominates secondary trading in emerging markets and is outgunning rivals in primary markets and equity linked transactions too.
Also shortlisted in this category:
One statistic sums up UBS’s supremacy in the equity market: it trades one in nine shares that change hands globally. That secondary market strength is equally evident in the emerging markets. Take its Asia franchise. The bank ranks first in secondary market share in eight of the region’s countries. In Latin America, too, UBS is the dominant force, especially in the region’s biggest market, Brazil, where it is the number one trader of secondary market shares in Bovespa. Only in EEMEA does the Swiss bank fall short of these high standards.
UBS’s success in trading can be attributed to a wide network and deep market penetration. "We have the biggest equities platform in the world," says Alex Wilmot-Sitwell, joint global head of investment banking at the firm.
In Asia, for example, it boasts the widest equity franchise of any of its rivals, with full securities licences in 12 markets. Its 20% investment in Chinese brokerage Beijing Securities last summer will only intensify its coverage. As China’s domestic markets open up, more Chinese IPOs will be executed in the A-share market rather than the H-share market in Hong Kong.