The Extel 2016 Results

Jun 08, 2016, 13:26 ET from WeConvene Extel Ltd

LONDON, June 8, 2016 /PRNewswire/ --

Survey of Pan-European investment professionals highlights achievement across the buyside, sellside and corporate community 

Extel, the leading survey of the Pan-European investment community today announced the results of the 43rd annual Extel survey. The pan-European survey highlights achievement across the buy-side, sell-side and corporate communities.

Receiving an unprecedented response, Extel continues to capture deeper, more analytical data from all the key market practitioners than ever before. Over 95% of votes came online, with Extel running from March 23 through to April 29, 2016. It reflects the contribution of over 2,800 buy-side firms, 2,800 analysts from 275 brokerage firms/research houses and nearly 1,000 of Europe's largest quoted companies worldwide - over 20,000 individual voters in total, casting over 1.1 million votes.  

Highlights of the key winners from Extel 2016 are:

  • Leading Pan-European Brokerage Firm for Equity and Equity-Linked Research: Morgan Stanley
  • Leading Pan-European Fund Management Firm: JP Morgan Asset Management
  • Leading Pan-European Individual Equity Analyst: Jeff Stent, Exane BNP Paribas
  • Leading Pan-European Hedge Fund: GLG Partners
  • Leading Broker for UK Small & Mid Caps: Numis Securities
  • Leading Pan-European Asset Management firm for Equity Execution : Deutsche Asset & Wealth Management
  • Leading Pan-European Quoted Company for IR: Deutsche Telekom AG

Extel 2016 identified a number of industry trends - based on over 12,000 individual responses - which include:

  • Asset managers are increasingly selective in their evaluation of brokers, with the winners of the main 30 equity sectors split across 10 different houses
  • With over 580 different brokers and research providers receiving votes, the research & advisory market continues to fragment, as the buyside searches deeper for quality insights - the onset of MIFID2 is likely to deepen this trend
  • Over 95% of the buyside see more interaction with corporates as adding value in their investment decisions - and over 70% want more CEO and CFO meetings

'Extel continues to deliver an extraordinary response from across the equity community. We are truly appreciative for all our participants.   The depth of data makes the key findings irrefutable - asset managers place increasing importance on independent thinking from brokers; intelligent trading ideas, and a greater involvement directly with management at the stocks they cover,' commented Steve Kelly, Head of Europe with WeConvene Extel.

Extel Europe bestows over 600 awards covering equity sectors, economics and strategy, equity derivatives, emerging markets, and UK Small & Mid Caps categories.

Results for the key 2016 categories (2015 in brackets where applicable) are: 

BROKERAGE 

Leading Brokerage Firm for Equity & Equity-Linked Research

1 Morgan Stanley (1) 

2 Bank of America Merrill Lynch (2)

3 UBS (3)

Leading Brokerage Firm for Equity Research

1 Morgan Stanley (1) 

2 Exane BNP Paribas (3)

3 Bank of America Merrill Lynch (2)

Leading Brokerage Firm for Equity Trading & Execution

1 UBS (1) 

2 Morgan Stanley (2)

3 Bank of America Merrill Lynch (5)

Leading Brokerage Firm for Equity Sales

1 UBS (1) 

2 Morgan Stanley (5)

3 JP Morgan (4)

Leading Brokerage Firm for Economics & Strategy

1 UBS (1) 

2 JP Morgan (4)

3 Société Générale (2)

Leading Brokerage Firm for Sustainability Research

1 Société Générale (1) 

2 HSBC (8)

3 Exane BNP Paribas (3)

Leading Brokerage Firm for UK Small & Mid Caps

1 Numis Securities (1) 

2 Peel Hunt (3)

3 Liberum (2)

Leading Equity Analyst

1 Jeff Stent, Exane BNP Paribas (2) 

2 Andrew Wood, Bernstein (1)

3 Warren Ackerman, Société Générale (5)

Leading Specialist Sales Person

1 Gerard Zaffran, Exane BNP Paribas (35) 

2 Sophie Warrick, JP Morgan (9)

3 Richard Taylor, Morgan Stanley (2)

ASSET MANAGEMENT 

Leading Fund Management Firm

1 JP Morgan Asset Management (1) 

2 Allianz Global Investors (4)

3 Norges Bank Investment Management (3)

Leading Fund Management Individual

1 Simon Poncet, JP Morgan AM (1) 

2 Peter Lawrence, JP Morgan AM (2)

3 Roland Vetter, CF Partners (58)

Leading Asset Management Firm for Equity Trading

1 Deutsche Asset & Wealth Management (1) 

2 Union Investment (2)

3 EFG Bank (4)

Leading Hedge Fund

1 GLG Partners (1) 

2 Tudor Capital (2)

3 Cygnus Asset Management (4)

CORPORATES   -   INVESTOR RELATONS 

Leading Quoted Company for Investor Relations

1 Deutsche Telekom AG (1) 

2 BT Group plc (5)

3 Allianz SE (4)

Leading Investor Relations Professional

1 Damien Maltarp, BT Group plc (5) 

2 Karl Mahler, Roche (20)

3 Hannes Wittig, Deutsche Telekom AG (n/a)

Leading CEO for Investor Relations

1 Vittorio Colao, Vodafone (1) 

2 Sergio Ermotti, UBS AG (11)

3 Tim Höttges, Deutsche Telekom AG (2)

Leading CFO for Investor Relations

1 Miguel Martinez San Martin, Repsol (4) 

2 Tony Chanmugam, BT Group plc (2)

3 Thomas Dannefeldt, Deutsche Telekom AG (3)

To view the headline results visit http://www.extelsurveys.com (from 9.00am UK time on June 8, 2016).

About Extel 

Extel Europe 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 20,000 participants from 80 countries casting more than 1.1 million 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.

About WeConvene 

WeConvene is a global web-based platform designed to eliminate the inefficiencies of managing the corporate access process for the investment community. Events large and small can impact investment strategies and WeConvene provides value to both buy and sell side customers by enabling efficient discovery, booking and tracking of meetings. WeConvene was founded in 2012 and is headquartered in Hong Kong with offices in London. For more information visit http://www.weconvene.com or request a demo by contacting sales@weconvene.com

CONTACTS 

Steve Kelly -  Head of Extel
Email: steve.kelly@weconvene.com
DDI: +44 (0)20-3567-0982
Mobile: +44 (0)7770-577-160

Sarah Linfoot - Head of Global Marketing
Email: sarah@weconvene.com,
Mobile:  +44 (0)7711-296-367

SOURCE WeConvene Extel Ltd