UBS drops to third in table of biggest advisors to FTSE100 companies

By Harry Wilson Published: 9:57PM GMT twenty-eight February 2010

UBS"s register of thirty FTSE 100 broking mandates, one less than last year, includes BP, British Airways and Royal Bank of Scotland Photo: AFP

UBS, that has prolonged been regarded as the main challenger to the City"s tip corporate adviser, JP Morgan Cazenove; but it has been pushed in to third place for the initial time in the story of the broking rankings as it was strike by the loss and takeover of a little of the greatest UK clients.

Bank of America Merrill Lynch, the promissory note organisation combined at the begin of last year with the takeover of US investment bank Merrill Lynch by Bank of America (BoA), had been in corner second place with the Swiss opposition in the 2009 Hemscott annual rankings of the tip FTSE 100 brokers by sum of series of clients.

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No longer.

UBS"s register of thirty FTSE 100 broking mandates, one less than last year, includes BP, British Airways and Royal Bank of Scotland. However, the loss of Vodafone, has left it dual at the back of Bank of America Merrill Lynch.

Based on the sum marketplace capitalisation of corporate broking clients, UBS is still well forward of Bank of America Merrill Lynch, with clients value a sum of �480bn, compared with the US bank"s sum of �197bn.

JP Morgan Cazenove stays the confidant of preference to FTSE 100 managements with 36 broking mandates, together with ITV, Rio Tinto and Tesco.

The corporate broking attribute is rarely cherished in the City as companies lend towards to spin to their attorney for recommendation prior to alternative banks, on condition that an entrance to big-ticket deals.