Thomson Reuters Announces 2014 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 41st 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 2014 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 25 March to 7 May 2014. It reflects the contribution of over 2,600 buy-side firms, 2,500 analysts from 280 brokerage firms/research houses and nearly 1,000 of Europe’s largest quoted companies worldwide – over 16,000 individual voters in total, casting over 700,000 votes. All data, votes received and methodology applied were independently checked and verified by Deloitte.

Highlights of the key winners from the 2014 Survey are:

  • Leading Pan-European Brokerage Firm for Equity and Equity-Linked Research: Bank of America Merrill Lynch
  • 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 HSBC, Telecommunications Services
  • Leading Pan-European Hedge Fund: GLG Partners
  • Leading Pan-European Quoted Company for IR: Deutsche Telekom AG

The 2014 Thomson Reuters Extel Survey identified a number of industry trends, which include:

  • Asset managers continue to see meetings with companies as an important part of the investment decision process, despite regulatory change to how they pay for access services
  • Corporates are placing higher regard on buyside firms who engage with them, and practice long term stewardship with the companies they invest in
  • Nearly 30% of sellside analysts believe they are penalized for negative reports or recommendations on companies they cover

“The appeal and power of Extel is evident, as yet again new record levels of voting were seen. Real thanks go to everyone who took part. With a more positive environment for equities, identifying excellence – in ideas, service and insights – for all three sides of the community, has never been at a greater premium.” commented Steve Kelly, managing director of Extel at Thomson Reuters.

Today’s Thomson Reuters Extel award ceremony was hosted by the BBC’s Emily Maitlis in London's Guildhall and attended by 480 members of the pan-European financial community. Presenters included; David Craig, President Financial & Risk, Thomson Reuters – Radek Barnert, CEO WeConvene – Alex Masterley, Co-head of Pan-Global Corporate Broking, Megabank – Mark Bomer, Senior Partner, BDO – Charlie Geffen, Partner, Ashurst – Sir Brian Bender, Chairman, London Metal Exchange – Mark Austen, Chairman, LV= – Sir Roger Carr, Chairman, BAE Systems – Karin Forseke, Chairman, Alliance Trust – Michael Trescow, Chairman, Unilever.

Thomson Reuters Extel bestows over 600 awards covering equity sectors, economics and strategy, equity derivatives, and emerging markets categories.

Results for the key 2014 categories (2013 in brackets where applicable) are:

Leading Pan-European Brokerage Firm for Trading & Execution

  1. UBS (1)
  2. Morgan Stanley (2)
  3. J.P. Morgan (6)

Leading Pan-European Fund Management Individual

  1. Peter Lawrence, JP Morgan Am (2)
  2. Philip Guest, UBS Global AM (1)
  3. Niels Pécriaux, GLG Partners (12)

Leading Pan-European Brokerage Firm for Operations

  1. Deutsche Bank (2)
  2. Citi (3)
  3. UBS (1)

Leading Pan-European Investor Relations Professional

  1. Jean-Michel Bonamy, Vivendi (21)
  2. Oliver Schmidt, Allianz SE (4)
  3. Karl Mahler, Roche (5)

Leading Pan-European Hedge Fund

  1. GLG Partners (1)
  2. Tudor Capital (2)
  3. Moore Capital Management (6)

Leading Pan-European Brokerage Firm for Equity Sales

  1. UBS (2)
  2. JP Morgan (6)
  3. Citi (1)

Leading Brokerage Firm for UK Small & Mid Caps

  1. Numis Securities (1)
  2. Liberum (5)
  3. Peel Hunt (2)

Leading Pan-European Specialist Sales Person

  1. Sophie Warrick, JP Morgan (3)
  2. Gerard Zaffran, Bank of America Merrill Lynch (1)
  3. Mark Howden, Nomura Securities (4)

Leading Pan-European Brokerage Firm for Sustainability Research

  1. Kepler Cheuvreux (1)
  2. Societe Generale (4)
  3. Bank of America Merrill Lynch (2)

Leading Pan-European Equity Analyst

  1. Andrew Wood, Sanford C. Bernstein (1)
  2. Jeff Stent, Exane BNP Paribas (5)
  3. Cedric Besnard, HSBC (14)

Leading Pan-European Fund Management Firm

  1. JP Morgan Asset Management (I1)
  2. Wellington Management (5)
  3. Fidelity Worldwide Investment (4)

Leading Pan-European Quoted Company for Investor Relations

  1. Deutsche Telekom AG (7)
  2. Roche (6)
  3. Vivendi (36)

Leading Pan-European Brokerage Firm for Equity & Equity-Linked Research

  1. Bank of America Merrill Lynch (1)
  2. UBS (2)
  3. Morgan Stanley (3)

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

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 16,000 participants from 75 countries casting more than 700,000 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.


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. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.