BofA Merrill Is No. 1 in Emerging EMEA Sales

Bank of America Merrill Lynch rockets from fourth place to first onInstitutional Investor’ssecond annual Emerging Europe, Middle East & Africa Sales Team, bumping last year’s winner, Deutsche Bank, down one notch. Morgan Stanley repeats at No. 3, while Citi tumbles from second place to fourth. Rounding out the top five is Credit Suisse, which leaps from the No. 7 spot last year.

BofA Merrill also makes strong gains in II’s related regional surveys, ranking first on both the Emerging EMEA Research Team and Emerging EMEA Trading Team.

Participants in the research survey were asked to name up to four firms that they feel have the best sales forces serving asset managers that invest in the region. We received responses from nearly 400 investment professionals at some 287 buy-side institutions that collectively manage an estimated $297 billion in emerging Europe, Middle East and Africa equities. Roughly 74 percent of the people who cast votes in the research team survey, representing 82 percent of the participating buy-side institutions, answered our question about the best sales teams.