Bank of America Merrill Lynch, JP Morgan top Extel awards

Mon Jun 10, 2013 10:00am EDT
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By Clare Hutchison

LONDON, June 10 (Reuters) - Bank of America Merrill Lynch scooped the prize as top pan-European equity brokerage at the annual Thomson Reuters Extel Awards on Monday, ending UBS's 12-year winning streak.

JP Morgan Asset Management was named best fund manager for the fourth consecutive year.

The awards are among the most coveted prizes in the European financial industry and often referred to as Oscars of the sector, being based on the votes of thousands of industry insiders.

Strong votes can secure bragging rights for winning firms and, for highly rated individuals, can result in lucrative job offers and pay rises.

This year's awards reflect the votes of more than 15,000 individuals from almost 6,000 brokerages, fund managers, research houses and major European companies.

Voters picked Bank of America Merrill Lynch as leading pan-European broker in equity and equity-linked research, relegating Swiss-based UBS to second place.

In a repeat of 2012's results, Morgan Stanley came third in the category.

JP Morgan Asset Management held on to its crown as top money manager, extending a run that began in 2010, beating Fidelity Management & Research into second place. BlackRock Investment Management jumped two places to third.   Continued...