Here are some key facts, figures and noteworthy results of the 2016 All-Europe Fixed-Income Research Team survey, Institutional Investor’s exclusive annual ranking of the region’s leading sell-side bond and credit analysts.
Number of analysts and team leaders who appear on the roster: 78
Number of firms they represent: 12
Number of analysts who meet the eligibility criteria: 322*
Number of firms they represent: 22*
(*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: 750
Number of participating buy-side institutions: 373
Total European fixed-income assets under management of participating buy-side institutions: $6.4 trillion
Most popular sectors (as measured by number of voters**):
- Fixed-Income Strategy (winner: James Reid, Francis Yared & team, Deutsche Bank)
- Economics (Mark Wall & team, Deutsche Bank)
- Investment-Grade Strategy (Alberto Gallo & team, Royal Bank of Scotland)
- Interest Rate Strategy (Giles Gale, Andrew Roberts & team, Royal Bank of Scotland)
- High-Yield Strategy (James Reid & team, Deutsche Bank)
Most popular sectors (as measured by number of votes**):
- Fixed-Income Strategy (winner: James Reid, Francis Yared & team, Deutsche Bank)
- Economics (Mark Wall & team, Deutsche Bank)
- Investment-Grade Strategy (Alberto Gallo & team, Royal Bank of Scotland)
- Interest Rate Strategy (Giles Gale, Andrew Roberts & team, Royal Bank of Scotland)
- Banking & Financial Services (Jacqueline Ineke & team, Morgan Stanley)
(**Survey participants may name up to four analysts per sector.)
Most popular teams (as measured by votes cast in each sector):
- James Reid, Francis Yared & team of Deutsche Bank, Fixed-Income Strategy (first place)
- Alberto Gallo, Andrew Roberts & team of the Royal Bank of Scotland, Fixed-Income Strategy (second place)
- Mark Wall & team of Deutsche Bank, Economics (first place)
- Jeremy Hale & team of Citi, Fixed-Income Strategy (runner-up)
- James Reid & team of Deutsche Bank, High-Yield Strategy (first place)
Analysts and team leaders making their first appearances in first place:
- Alexander Batchvarov & team, Bank of America Merrill Lynch, Asset-Backed Securities Strategy
- Philip Galdi, Alberto Ruiz-Sena & team, Bank of America Merrill Lynch, Bond Markets Indexes
- Caio Natividade & team, Deutsche Bank, Quantitative Analysis
- Emmanuel Owusu-Darkwa, Navann Ty & team, Bank of America Merrill Lynch, Basic Materials (High Yield)
- Hans-Guenter Redeker & team, Morgan Stanley, Currency & Foreign Exchange
- Navann Ty & team, Bank of America Merrill Lynch, High-Yield Health Care (sector newly added this year)
- Daniel Vaun & team, J.P. Morgan, Utilities
Analysts who oversee more than one sector-topping team:
- Christophe Boulanger of Barclays:
- Manufacturing/General Industrials (High Yield); solo leader
- Manufacturing/General Industrials (Investment Grade); co-captain with Darren Hook
- Darren Hook of Barclays:
- Basic Materials (IG); co-director with Margaret O’Neal van Loon
- Manufacturing/General Industrials (IG); co-leader with Christophe Boulanger
- also co-manages, with O’Neal van Loon, a runner-up squad in Basic Materials (HY)
- James Reid of Deutsche Bank:
- Fixed-Income Strategy; co-head with Francis Yared
- High-Yield Strategy; solo leader
- also guides the No. 2 team in Investment-Grade Strategy
- Navann Ty of Bank of America Merrill Lynch:
- Basic Materials (HY); co-leader with Emmanuel Owusu-Darkwa
- Health Care; solo leader
- Retailing/Consumer Products (HY); co-captain with Thomas Gibney
- also directs the No. 2 team in Basic Materials (IG)
Team leaders appearing for the first time:
- Benjamin Defay of J.P. Morgan, Basic Materials (HY and IG), third place and runner-up, respectively; and Manufacturing/General Industrials (HY and IG), third place and runner-up, respectively (with co-leader Stephanie Vincent)
- Simon Cowie of Société Générale, Retailing/Consumer Products (IG), runner-up
- Axel Finsterbusch of J.P. Morgan, Banking & Financial Services, second place (co-leader with Antonio Roberto Henriques)
- Giles Gale of Royal Bank of Scotland, Interest Rate Strategy, first place (co-leader with Andrew Roberts)
- Nicholas Gendron of Barclays, Bond Market Indexes, second place (co-leader with Lee Phillips)
- Stephan Haber of UniCredit, Manufacturing/General Industrials (HY and IG), runner-up and third place, respectively (co-leader with Sven Kreitmair)
- Nicolas Hue de la Colombe of Crédit Agricole Corporate Investment Bank, Manufacturing/General Industrials (IG), runner-up
- Nazli Ela Kurtoglu of J.P. Morgan, Retailing/Consumer Products (IG), second place
- Margaret O’Neal van Loon of Barclays, Basic Materials (HY and IG), runner-up and first place, respectively (co-leader with Darren Hook)
- Nikolaos Panigirtzoglou of J.P. Morgan, Fixed-Income Strategy, third place (co-leader with Stephen Dulake)
- Hugh (Huw) Pill of Goldman Sachs International, Economics, runner-up
- Alan Ruskin of Deutsche Bank, Currency & Foreign Exchange, runner-up (co-leader with Georgios Saravelos)
- Georgios Saravelos of Deutsche Bank, Currency & Foreign Exchange, runner-up (co-leader with Alan Ruskin)
- Benedict Scholl of Bank of America Merrill Lynch, Retailing/Consumer Products (IG), third place
- David Strauch of Crédit Agricole Corporate Investment Bank; Technology, Media & Telecommunications (IG); runner-up
- Danielle Ward of J.P. Morgan, Health Care, second place
- Constantin Wolf of J.P. Morgan; Technology, Media & Telecommunications (IG); third place (co-leader with Andrew Webb)
Sectors with the highest number of runners-up:
- Economics, four
- Manufacturing/General Industrials (HY), three
