• 12 Jun 2012

Thomson Reuters Announces 2012 Extel Survey Results

Pan-European survey highlights achievement across the buy-side, sell-side and corporate communities

London - Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the results of the 39th annual Thomson Reuters Extel Survey at a lunchtime ceremony in London's Guildhall. Considered the leading benchmark for excellence in investment banking and asset management, the pan-European survey highlights achievement across the buy-side, sell-side and corporate communities.

The 2012 Thomson Reuters Extel Survey continues to capture deeper, more analytical data from all the key market practitioners than ever before. Voting was conducted primarily online and ran from 19 March to 4 May 2012. It reflects the contribution of over 2,100 buy-side firms, 2,500 analysts from 270 brokerage firms/research houses and nearly 800 of Europe’s largest quoted companies worldwide – over 14,000 individual voters in total, casting over 950,000 votes. All data, votes received and methodology applied were independently checked and verified by Deloitte.

Highlights of the key winners from the 2012 Survey are:

  • Leading Pan-European Brokerage Firm for Equity and Equity-Linked Research: UBS
  • Leading Pan-European Fund Management Firm: JP MORGAN AM
  • Leading Pan-European Individual Equity Analyst: Andrew Wood, Sanford C. Bernstein
  • Leading Pan-European Sector Team (Equity): Chemicals Team, Bank of America Securities – Merrill Lynch
  • Leading Pan-European Sector Team (all Categories): Global Strategy team, Société Générale
  • Leading Pan-European Hedge Fund: Tudor Capital
  • Leading Pan-European Quoted Company for IR: Sanofi

The 2012 Thomson Reuters Extel Survey identified a number of industry trends, which include:

  • Increasing spread of commissions across more research providers, with 475 different firmsreceiving nominations in Extel this year
  • Primacy of ‘independent’ thinking in what the buy-side want from brokerage research
  • Growth of one-on-one meetings with buy-side and divisional directors at companies

“The Thomson Reuters Extel survey 2012 has seen more participants than ever before. Whilst that gives us an unrivalled set of detailed data and insights for the market, it demonstrates how, in these challenging times, direct client service, and a strong business proposition are truly valued and recognized” commented Steve Kelly, managing director of Extel at Thomson Reuters.

Today’s Thomson Reuters Extel award ceremony was hosted by Emily Maitlis in London's Guildhall and attended by 450 members of the European financial community. Presenters included; Greg Barker – Minister for Energy and Climate Change, Roger Gifford – UK Country Manager of SEB (Skandinaviska Enskilda Bank), Peter Scott, Chairman & CEO, The Engine Group, UK Atomic Energy Authority, Christian Katz - CEO, SIX Swiss Exchange, Helena Morrissey – CEO, Newton Investment Management and Jim Smith – President & CEO, Thomson Reuters.

The Thomson Reuters Extel Survey bestows over 450 awards covering equity sectors, economics and strategy, equity derivatives, and emerging markets categories. The role of insightful analysts and strategists, especially those who more closely identified upcoming market turbulence, is ever more highly prized.

Results for the key 2012 categories (2011 in brackets where applicable) are:

  • Leading Pan-European Brokerage Firm for Trading & Execution
  1. UBS (1)
  2. Morgan Stanley (3)
  3. Bank of America Securities - Merrill Lynch (4)/li>
  • Leading Pan-European Fund Management Individual
  1. Peter Lawrence, JP Morgan Asset Management (2)
  2. Philip Guest, UBS Global AM (5)
  3. Marco Signorini, Tudor Capital (11)
  • Leading Pan-European Brokerage Firm for Operations
  1. UBS (1)
  2. Deutsche Bank (3)
  3. Citi (4)
  • Leading Pan-European Investor Relations Professional
  1. Oliver Schmidt, Allianz SE (1)
  2. Magdelena Moll, BASF (10)
  3. Karl Mahler, Roche (3)
  • Leading Pan-European Hedge Fund
  1. Tudor Capital (7)
  2. Och-Ziff Capital Management (1)
  3. Cygnus Asset Management (6)
  • Leading Pan-European Brokerage Firm for Equity Sales
  1. UBS (1)
  2. Bank of America Securities – Merrill Lynch (2)
  3. Citi (9)
  • Leading Brokerage Firm for UK Small & Mid Caps
  1. Investec Securities (1)
  2. Numis Securities (3)
  3. Peel Hunt (2)
  • Leading Pan-European Specialist Sales Person
  1. Gerard Zaffran, Bank of America Securities – Merrill Lynch (2)
  2. Mark Wallis, Bank of America Securities – Merrill Lynch (1)
  3. Pilar Rocafort, UBS (9)
  • Leading Pan-European Brokerage Firm for Sustainability Research
  1. CA Cheuvreux (1)
  2. Bank of America Securities – Merrill Lynch (2)
  3. UBS (5)
  • Leading Macro & Strategy Team
  1. Société Générale (1)
  2. UBS (2)
  3. Citi (4)
  • Leading Pan-European Equity Analyst
  1. Andrew Wood, Sanford C. Bernstein (1)
  2. Antoine Belge, HSBC (8)
  3. Nico Lambrechts, Bank of America Securities – Merrill Lynch (2)
  • Leading Pan-European Fund Management Firm
  1. JP Morgan Asset Management (1)
  2. Fidelity Management & Research (13)
  3. Fidelity Worldwide Investment (2)
  • Leading Pan-European Quoted Company for Investor Relations
  1. Sanofi (2)
  2. BASF (1)
  3. Deutsche Telekom (8)
  • Leading Pan-European Brokerage Firm for Equity & Equity-Linked Research
  1. UBS (1)
  2. Bank of America Securities – Merrill Lynch (2)
  3. Morgan Stanley (3)

To view the headline results visit www.extelsurveys.com (after 3.30pm BST today).

Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to thomsonreuters.com.

About Thomson Reuters Extel
Thomson Reuters Extel conducts market studies across all three sides of the investment community throughout Europe and Asia, delivering a comprehensive range of rankings, market trends and sentiment insights. Extel Europe is the largest study of its kind worldwide, with over 14,000 participants from 64 countries casting more than 960,000 individual votes. All rankings in Extel are based purely on weighted votes from the investment community. The scope and branding of Extel is widely recognized by brokerage firms, asset managers and corporates alike.

Contacts

Clare Arber
Head of PR, Financial Services Content
Thomson Reuters
Tel: +44 (0) 20 7542 6256
Email

Lemuel Brewster
PR Director, Investors
Thomson Reuters
+1 646.223.5147
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