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printDec 18, 2007
JPMorgan is ranked as the best overall investment bank, according to a just-released survey of 350 CEOs, CFOs and other senior corporate leaders conducted by Institutional Investor magazine. In an accompanying article titled, “The Best Investment Banks of ’07,” the magazine says: "JPMorgan now has highly regarded franchises in a broad array of products, including equity underwriting and M&A, rounding out its long-standing strengths in debt markets. That enables the firm to capably cater to just about any need a client may have."
Corporate executives responding identified “quality of relationship” as the most valued attribute in an investment bank, followed by consistency of coverage and responsiveness, industry knowledge and being able to deliver the firm’s full resources.
II quoted Doug Braunstein, head of Americas Investment Banking: “We try to take an intellectual-capital, idea-driven, problem-solving approach to our clients. It’s really asking, ‘What are the things that are worrying you?’ and ‘How can we be helpful?’ as opposed to product pushing.”
The Institutional Investor ranking follows other recent external recognitions, including an article earlier this month in which Dealmaker named five JPMorgan bankers to its Rainmaker list, the bankers “to call when a deal had to get done.” In July, Risk magazine named JPMorgan the best Derivatives House in the industry over the past 20 years and the best in Credit Derivatives, referring to it as a “pioneer.” And Monday, JPMorgan won eight awards from IFR and IFR Asia.
Leading Firms
Overall
|
Rank |
Firm |
|
1 |
JPMorgan |
|
|
2 |
Goldman Sachs |
|
|
3 |
Citigroup |
|
|
4 |
UBS |
|
|
5 |
Bank of America |
|
|
6 |
Lehman Brothers |
|
|
7 |
Merrill Lynch |
|
|
8 |
Morgan Stanley |
|
|
9 |
Bear Stearns |
|
|
10 |
Credit Suisse |
|
|
11 |
Deutsche Bank |
|
|
12 |
Lazard |
|
|
13 |
Wachovia |
|
|
14 |
Piper Jaffray & Co |
|
|
15 |
RBC Capital Markets |
Read the full article on Institutional Investor's site.