It’s out! Barrenjoey, Macquarie take top spots in Peter Lee survey
The results are starting to trickle in for one of the investment banking sector’s most anticipated annual rankings – the Peter Lee survey, which asks institutional investors to rank sell-side analysts and their trading desks.
Street Talk’s straw poll on Thursday evening found Barrenjoey and Macquarie Capital going toe-to-toe for the most decorated banks, with JPMorgan and UBS bringing up the rear of the top units.
Barrenjoey, headquartered at Sydney’s Quay Quarter, has had a win this year. Louise Kennerley
From what we can glean so far, on an “all investor basis”, Barrenjoey has the lead in research as well as sales, while Macquarie is holding on to top spot in trading. The silver donut came in second on research and sales, while JPMorgan was third. UBS, among top three in equity capital markets league tables, struggled to break into the Mac-Barrenjoey dominance on the survey.
UBS was third on sales and fourth on trading, sources said.
A more comprehensive picture should emerge by midday Friday, when several other smaller banks are briefed on their results. Each of them should have some sort of win to show to their clients, thanks to the many categories and sub-categories included in the survey.
Morgan Stanley and Goldman Sachs were holdouts again this year, refusing to subject their chargers to being voted on by their clients. Several other banks including Jarden and Jefferies were understood to be waiting their turn to hear their results on Friday morning.
As for the individual analysts who came out on top, fund manager sources said JPMorgan had scored five: Siddharth Parameswaran for diversified financials, Don Carducci for gaming and tourism, Lyndon Fagan for commodities and Richard Jones for REITs.
Last year,
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