Standard Bank SBG Securities, RMB Morgan Stanley, and USB South Africa identified as overall top firms for research.
26 May 2016 – The 20th annual Financial Mail Top Analysts Awards, in association with iNet BFA, took place at the Houghton Golf Estate in Johannesburg this Wednesday 25 May 2016.
Welcoming guests to what is widely known as the ‘Oscars’ of the financial industry, Financial Mail editor Robe Rose expressed his appreciation of the magnitude of the event – whose participants currently represent about R5,2 trillion of South Africa’s managed assets.
Barbara Arnold, Chief Operating Officer of iNet BFA – Africa’s leading provider of financial data feeds and analysis tools – said the organization was proud to be a part of such a huge initiative that is serving the industry well.
Among those awarded first prize for excellent performance across a total of 47 research sectors this 2016, were JP Morgan, in the new International View category where European fund managers ranked SA’s brokers; Peregrine Securities as the top firm for derivatives dealing; Absa Capital for fixed interest securities dealing; and Standard Bank for an overall top ranking for research – the runners up of which were RMB Morgan Stanley and USB South Africa and second and third place.
The Young Analysts of the Year Award, now in its second running, was introduced by Nigel Suliaman, CA(SA), CFA, portfolio manager at Sanlam Investments. Winners were Jumai Mohammed of Exotix (Equities: Nigerian Cement Industry), and Emlyn Flint of Peregrinne (Non-equities: In Search of the Perfect Hedge). Both Jumai and Emlyn were awarded R12,500 towards a charity of their choice as sponsored by iNET BFA.
Carmen Nel of Rand Merchant Bank also won an apple watch, compliments of an iNET BFA sponsored competition.
Financial Mail Top Analyst Awards are based on an annual survey that is conducted by Intellidex, Ranking the Analyst.
The international research portion was undertaken in partnership with WeConvene Extel, which conducts the world’s longest running assessment of the European cash equities market.
“Many SA-based stockbrokers compete strongly for the custom of some of the biggest asset managers in the rest of the world,” says Rob Rose, Financial Mail editor, who believes the international category has bolstered the credibility of the annual survey substantially.
The results of the annual Financial Mail Ranking the Analyst survey are based on confidential questionnaires completed by domestic institutional clients of South African stockbroker firms.
A special report on the 2016 research findings will be published in the Financial Mail on 27 May 2016.