"This year is the 44th year we're hosting these awards, and we're taking the rankings to a new level by including the views of institutional investors in the rest of the world," says Rob Rose, the editor of the Financial Mail. "These results will incorporate the Extel/Institutional Investor rankings of the South African sell-side industry, compiled from a survey of asset managers in 55 countries."
For the fourth year running, Standard Bank SBG Securities was awarded as the Overall Top firm. As in 2018, Peregrine Securities maintained its position as the Top firm – Execution: Derivatives.
Similarly, RMB Morgan Stanley held its ranking as the Top firm – Execution: Equities Dealing, as well as maintaining top spot in the Corporate Access, Administration, and Sales Team categories. Rand Merchant Bank replaced Nedgroup Securities as the Top firm – Execution: Fixed Interest Securities for 2019.
André Bekker from Arqaam Capital was awarded as Young Analyst of the Year 2019: Equities, while Odwa Sihlobo from Prescient Securities was named Young Analyst of the Year 2019: Nonequities.
Intellidex's survey of SA-based asset managers covers about 90% of the institutional market and is compiled through a series of confidential questionnaires completed by domestic institutional clients of local stockbroker firms.
The Financial Mail has been associated with this survey since 1975 - the only ranking in South Africa that provides a reliable and independent ranking of the skills in the industry. A special report on the 2019 research findings will be published in the Financial Mail on Thursday, 30 May 2019.
Stuart Theobald, the founder of Intellidex, which performed the research, said the FM rankings remain the key accolade for any broker to walk into a client pitch in South Africa. "The FM also goes further than ranking teams to cover analysts in 40 different research categories, providing the only way that clients can identify the leading brains on particular subject areas," he said.
The new ratings come at a tough time for the broking industry, which is battling the impact of Europe's MiFID 2 guidelines, which compel stockbrokers to separate their fees for research and execution.
Says Theobald: "Mifid2 has put significant pressure on budgets for research so analysts are now having to work harder to prove they are worth the value to clients. The FM rankings are one clear way that analysts who deliver value can be recognised."
Herewith the list of categories and winners of the 2019 Financial Mail Top Analysts Awards:
**Winner in 2018
*change noted since 2018
|Young Analyst of the year : Equities||Andre Bekker||Arqaam Capital|
|Young Analyst of the year : Non-equities||Odwa Sihlobo||Prescient Securities|
|**Gold Mining||Adrian Hammond||Standard Bank/SBG Securities|
|Platinum & Precious Metals||Christopher Nicholson and Jared Hoover||RMB Morgan Stanley|
|**General Mining||Johann Pretorius and Siphelele Mhlongo||Renaissance Capital|
|**Oil & Gas and Chemicals||Gerhard Engelbrecht||Macquarie|
|**Forestry & Paper||Brian Morgan||RMB Morgan Stanley|
|Industrial Metals||Thabang Thlaku and Tim Clark||Standard Bank/SBG Securities|
|**Resources Small & Medium Market Cap Companies||Tim Clark, Thabang Thlaku & Leroy Mnguni and Adrian Hammond||Standard Bank/SBG Securities|
|**Construction, Building Materials & Machinery||Rowan Goeller||Macquarie|
|**Banks||Stephan Potgieter||UBS SA|
|General Financial||Stephan Potgieter||UBS SA|
|**Insurance||Michael Christelis||UBS SA|
|**Beverages & Tobacco||Rey Wium||Standard Bank/SBG Securities|
|**Food Producers||Vikhyat Sharma||RMB Morgan Stanley|
|Healthcare Providers & Pharmaceuticals||Kane Slutzskin||UBS SA|
|**Luxury Goods||Rey Wium||Standard Bank/SBG Securities|
|**General Retailers||Sean Holmes||*RMB Morgan Stanley|
|Household Goods Retailers||Kaeleen Brown and Ya’eesh Patel||Standard Bank/SBG Securities|
|Hotels, Travel & Leisure||Michele Olivier||RMB Morgan Stanley|
|Diversified Industrials||Brent Madel||Renaissance Capital|
|**Investment Companies||Rey Wium||Standard Bank/SBG Securities|
|Computing & Electronics||Ruhan du Plessis||Avior Capital Markets|
|**Media||David Ferguson||Renaissance Capital|
|**Telecommunications||Jonathan Kennedy-Good and *Preeti Sukha||Standard Bank/SBG Securities|
|Financial and industrial small & medium market cap companies||Sumil Seeraj, Marc Ter Mors, Magdel Neale and Munira Kharva||Standard Bank/SBG Securities|
|**Real Estate||Nazeem Samsodien & Mahir Hamdulay||Macquarie|
|**Africa Ex-SA equities||EFG Hermes Firm||EFG Hermes|
|Africa Ex-SA non-equities||David Cowan, Gina Schoeman and David Lubin||Citigroup Global Markets|
|Commodities||Johann Pretorius, Steven Friedman, Kabelo Moshesha, Siphelele Mhlongo and Derick Deale||Renaissance Capital|
|Environmental, social and corporate governance||Waseem Thokan and Rob Worthington-Smith||Legae Securities|
|Credit Analysis||Elena Ilkova and Kate Rushton||Rand Merchant Bank|
|Derivatives||Emlyn Flint, Florence Chikurunhe, Anthony Seymour and Samantha Jones||Legae Peresec|
|Fixed-Interest Securities||Mike Keenan||Absa Capital|
|Innovative research||Mary Curtis, Chris Nicholson, Brian Morgan, Vikhyat Sharma, Michele Olivier, Roy Campbell, Elan Levy and Sean Holmes||RMB Morgan Stanley|
|**Economic Analysis (domestic)||Elna Moolman||*Standard Bank/SBG Securities|
|**Economic Analysis (international)||Mary Curtis, Ian Doyle, Jonathan Garner, Andrea Masia and Jacob Nell||RMB Morgan Stanley|
|**Investment Strategy||Mary Curtis||RMB Morgan Stanley|
|**Political Analysis||Simon Freemantle||Standard Bank/SBG Securities|
|Quantitative Analysis||Emlyn Flint, Florence Chikurunhe, Anthony Seymour and Samantha Jones||Legae Peresec|
|Risk Management||Petrus Bosman and Team||Avior Capital Markets|
|**Technical Analysis||Neels Heyneke and Mehul Daya||Nedgroup Securities|
|**Top firm : Administration Efficiency||RMB Morgan Stanley|
|**Top firm: Corporate Access||RMB Morgan Stanley|
|**Top firm : Execution: Derivatives||Peregrine Securities|
|**Top firm : Dealing: Equities||RMB Morgan Stanley|
|Top firm : Execution: Fixed Interest Securities||Rand Merchant Bank|
|**Top Sales Teams||RMB Morgan Stanley|
|**Overall Top Firm||Standard Bank /SBG Securities|