Hong Kong-based brokerage CLSA's high quality of research and robust equity execution continues to impress investors in Asia ex-Japan for the fourth consecutive year, according to Asiamoney's 21st annual Brokers Poll.
Respondents to our largest survey of equity investors yet voted the brokerage to have the best combined equity research and sales in the region by a comfortable margin. CLSA can be particularly pleased with this result given the size of the response rate to this year's poll: over 2,700 investors from approximately 1,400 different institutions participated.
CLSA's continued run of success is impressive, given that equities has become one of the most competitive parts of Asia’s financial markets.
Investment banks and brokers have been aggressively hiring equity analysts, sales people and traders over the past 12 months in an effort to gain a greater market share of the region's equities markets. These efforts have been propelled in large part by the resilience of the region's economies throughout the global financial crisis and the strong outlook for Asia in the years to come.
Coming second to CLSA for combined research and sales for Asia ex-Japan is UBS, while US investment bank Morgan Stanley makes a dramatic rise from eighth position in 2009 to third this year.
In Australia Macquarie continues to dominate the market, topping combined research and sales once again, as well as being voted the best local brokerage. UBS takes second spot and J.P. Morgan moves up to third.
Meanwhile Nomura maintains its stranglehold of the top spot for overall combined research and sales for Japan, while CLSA and Daiwa take second and third places, respectively.
| 2010 |
ASIA (ex-Australia & Japan) |
2009 |
| 1 |
CLSA |
1 |
| 2 |
UBS |
2 |
| 3 |
Morgan Stanley |
8 |
| 2010 |
AUSTRALIA |
2009 |
|
2010 |
JAPAN |
2009 |
| 1 |
Macquarie |
1 |
1 |
Nomura |
1 |
|
| 2 |
UBS |
2 |
2 |
CLSA |
2 |
|
| 3 |
J.P. Morgan |
4 |
3 |
Daiwa |
5 |
Stability remains the theme in most of the other key markets of Asia, with all of 2009’s best local brokerages retaining their titles, apart from those in Hong Kong, Indonesia and Thailand.
| COUNTRY |
BROKERAGE |
| Australia |
Macquarie |
| China |
CICC |
| Hong Kong |
CCB International |
| India |
Kotak |
| Indonesia |
Mandiri |
| Japan |
Nomura |
| Korea |
Samsung |
| Malaysia |
CIMB |
| Pakistan |
JS Global Capital |
| The Philippines |
Philippine Equity Partners |
| Singapore |
DBS Vickers |
| Taiwan |
Yuanta |
| Thailand |
Thanachart |
Detailed results, rankings and interviews with the winners will be featured in the November issue of Asiamoney. Extended rankings of all categories will be published in the 2010 Brokers Poll full report available from December 1, 2010.
To obtain a copy of the results and of Asiamoney, please contact Patrick McCulloch, regional sales manager, patrick.mcculloch@euromoneyasia.com or (852) 2842 6953. For further information regarding the poll, please contact Bernice Lam, Asiamoney polls editor, bernice.lam@asiamoney.com or (852) 2912 8077.