(BofA) – Bank of America, JPMorgan dominate ranks of Europe’s top bond analysts
Analysts at a small group of top US investment banks have largely dominated a closely-watched ranking of fixed income researchers, as the Covid-19 crisis has continued to squeeze buy-side budgets.
JPMorgan is the number one ranked investment bank in Institutional Investor’s 2020 fixed income research rankings, knocking Bank of America from the top spot. Barclays has jumped into third place, while Citigroup and Morgan Stanley are joint fourth.
The rankings follow a tough year for the research units of large investment banks, which have battled shrinking asset management budgets, as the impact of the pandemic has hit. In May, Frost Consulting warned that the Covid-19 crisis could lead to research spending plummeting by as much as 90% at some European asset managers, compared to just before the introduction of the EU’s second Markets in Financial Instruments Directive in January 2018.
“It was undeniably a tough year for the industry but we are pleased to see that the investment management industry continues to recognise the importance of independent and qualitative feedback on sell side research services,” said David Enticknap, head of Institutional Investor research.
The rankings are based on a survey of over 4,900 fixed income specialists from nearly 1,400 asset management firms. Financial News has the list of top-ranked analysts globally and in Europe, the Middle East and Africa. Each one of the individuals below ranked first in the categories below.
READThese are the top-ranked analysts in this year’s ‘City Oscars’
Global rankings:
Francisco Blanch, Bank of America: Commodities
Jan Hatzius, Goldman Sachs: Economics
John Normand, JPMorgan: Macro strategy
Europe, economics and strategy:
Alexander Batchvarov, Bank of America: Asset-backed securities strategy
Rishad Ahluwalia, JPMorgan: Collateralised loan obligations
Florian Eichert, Credit Agricole: Covered bonds and agencies
Ioannis Angelakis, Bank of America: Credit derivatives
Jim Reid, Deutsche Bank: Cross asset strategy
Athanasios Vamvakidis, Bank of America: Currency and Foreign Exchange
Evelyn Herrmann, Bank of America: Economics
Jim Reid, Deutsche Bank: Fixed income strategy
Jean-Francois Perrin, Credit Agricole: Inflation linked bonds
Ralf Preusser, Bank of America: Interest Rate Strategy
Barnaby Martin, Bank of America: Investment-Grade Strategy
Albert Desclee, Barclays: Quantitative Analysis
Paul Ciana, Bank of America: Technical Analysis (Charting)
Europe, High yield:
Phillip Bagguley, Bank of America: Autos & Auto Parts
Christopher Ryan, Bank of America: Basic Materials
Barnaby Martin, Bank of America: High Yield Strategy
Phillip Bagguley, Bank of America: Manufacturing/General Industrials
Ela Kurtoglu, JPMorgan: Retailing/Consumer Products
Nick MacDonald, Bank of America: Technology, Media & Telecommunication
Europe, investment grade:
Jackie Ineke, Morgan Stanley: Banking & Financial Services
Phillip Bagguley, Bank of America: Basic Materials
Phillip Bagguley, Bank of America: Manufacturing/General Industrials
Ela Kurtoglu, JPMorgan: Retailing/Consumer Products
Christian Crosby, JPMorgan: Technology, Media & Telecommunications
Emerging Emea
Jean-Michel Saliba, Bank of America: Economics
Luis Costa, Citi: Local Markets Rates Strategy
Luis Costa, Citi: Local Markets FX Strategy
Jaiparan Khurana, Morgan Stanley:: Sovereign Debt Strategy
Kay Hope, Bank of America: Corporate Debt Strategy
Stanislav Bozhenko, VTB Capital: Russia
To contact the author of this story with feedback or news, email Paul Clarke
