Here are some of the key facts, figures and noteworthy results of the 2016 All-Europe Research Team survey, Institutional Investor’s exclusive annual ranking of the region’s leading sell-side equity analysts.
Number of analysts and team leaders who appear on the roster: 266
Number of firms they represent: 41
Number of analysts who meet the eligibility criteria: 1,609*
Number of firms they represent: 75*
(*Data regarding analysts and firms not appearing here are available from the Institutional Investor Research Group; for information please contact Esther Weisz at 212-224-3307 or eweisz@iiresearchgroup.com.)
Number of participating buy-side individuals: 2,139
Number of participating buy-side institutions: 784
Total European equity assets under management of participating buy-side institutions: $6 trillion
Most popular sectors (as measured by number of voters**):
• Equity Strategy (winner: Mislav Matejka & team, J.P. Morgan Cazenove)
• Banks (Michael Helsby, Alastair Ryan & team, Bank of America Merrill Lynch)
• Autos & Auto Parts (Max Warburton, Sanford C. Bernstein)
• Transport (Mark Manduca, Angus Tweedie & team, Bank of America Merrill Lynch)
• Capital Goods (Andreas Willi & team, J.P. Morgan Cazenove)
Most popular sectors (as measured by number of votes**):
• Banks (winner: Michael Helsby, Alastair Ryan & team, Bank of America Merrill Lynch)
• Autos & Auto Parts (Max Warburton, Sanford C. Bernstein)
• Equity Strategy (Mislav Matejka & team, J.P. Morgan Cazenove)
• Capital Goods (Andreas Willi & team, J.P. Morgan Cazenove)
• Telecommunications Services (Frederic Boulan, David Wright & team, Bank of America Merrill Lynch)
(**Survey participants may name up to four analysts per sector.)
Most popular teams (as measured by votes cast in each sector):
• Mark Manduca, Angus Tweedie & team of Bank of America Merrill Lynch, Transport
• Mislav Matejka & team of J.P. Morgan Cazenove, Equity Strategy
• Spyros Mesomeris & team of Deutsche Bank, Quantitative Research (first place)
• Michael Helsby, Alastair Ryan & team of Bank of America Merrill Lynch, Banks
• Khuram Chaudhry, Dubravko Lakos-Bujas & team of J.P. Morgan Cazenove, Quantitative Research (second place)
Analysts and team leaders making their first appearances in first place:
• Elisabeth Clive, Sanford C. Bernstein (Medical Technologies & Services) — this is also the firm’s first sector-topping appearance
• James Gordon, J.P. Morgan Cazenove (Biotechnology; co-leader with Richard Vosser) — also the firm’s first sector-topping appearance
• Antonio Guglielmi, Mediobanca (Italy) — also the firm’s first sector-topping appearance
• Christian Kern, J.P. Morgan Cazenove (United Kingdom)
• Daniel Kerven, Bank of America Merrill Lynch (Media)
• Alexander (Warwick) Okines, Deutsche Bank, (Retailing/General)
• Panagiotis Spiliopoulos, Vontobel (Switzerland)
• Angus Tweedie, Bank of America Merrill Lynch (Transport; co-leader with Mark Manduca)
• Richard Vosser, J.P. Morgan Cazenove (Biotechnology; co-leader with James Gordon) — also the firm’s first sector-topping appearance
Analysts who capture first place in more than one sector:
• Andrew Wood of Sanford C. Bernstein:
— Food Producers
— Household & Personal Care Products
Researchers who top one sector and rank in at least one other:
• Barry Dixon of Davy:
— Ireland, No. 1 (team leader)
— Paper & Packaging, runner-up (solo)
• Sachin Jain and Graham Parry of Bank of America Merrill Lynch:
— Pharmaceuticals, No. 1
— Biotechnology, No. 3
• Alexander (Warwick) Okines of Deutsche Bank:
— Retailing/General, No. 1
— Luxury Goods, runner-up (co-leader with Francesca DiPasquantonio)
• Richard Vosser of J.P. Morgan Cazenove:
— Biotechnology, No. 1 (co-leader with James Gordon)
— Pharmaceuticals, No. 2
Other analysts who direct teams that rank in multiple sectors:
• Andrew Baum of Citi:
— Pharmaceuticals, No. 3
— Biotechnology, runner-up
• Jarrod Castle of UBS:
— Transport, No. 3 (co-leader with Dominic Edridge)
— Leisure & Hotels, runner-up
• Flavio Cereda of Bank of America Merrill Lynch:
— Italy, No. 3
— Small- & Midcapitalization Stocks, runner-up
• Gerry Gallagher of Deutsche Bank:
— Tobacco, No. 2
— Beverages, No. 3 (co-leader with Tristan van Strien)
— Food Producers, runner-up (co-leader with Harold Thompson)
• Nicholas Nelson of UBS:
— Accounting & Valuation, runner-up (solo)
— Equity Strategy, runner-up (team leader)
• Celine Pannuti of J.P. Morgan Cazenove:
— Food Producers, No. 3
— Household & Personal Care Products, runner-up
• Richard Parkes and Timothy Race of Deutsche Bank:
— Biotechnology, No. 2
— Pharmaceuticals, runner-up
• Jeffrey Stent of Exane BNP Paribas:
— Food Producers, No. 2
— Household & Personal Care Products, runner-up
• Harold Thompson of Deutsche Bank:
— Household & Personal Care Products, No. 2
— Food Producers, runner-up (co-leader with Gerry Gallagher)
Sectors with the highest number of runners-up, with five apiece:
• Business & Employment Services
• Metals & Mining
• Oil & Gas Exploration & Production
• Telecommunications Services
• Utilities
