Deutsche Bank’s client growth helps firm leap up adviser table

 
Adam Hignett
DEUTSCHE Bank was the big winner in the first-quarter adviser rankings making gains in both the stockbroker and financial adviser categories in terms of client market capitalisation, according to figures from Adviser Rankings.

The Frankfurt-based investment bank, which boasts clients such as British American Tobacco, Unilever and Greene King, stood out as the biggest climber in the top ten for financial advisers, gaining two places to take third spot in the overall rankings, with a clients gaining a market capitalisation of £219bn.

It overtook Bank of America Merrill Lynch and Goldman Sachs in to fourth and fifth, respectively.

Deutsche Bank made most of its gains in this category by expanding its market cap in the FTSE 100.

It is now the second-largest financial adviser, after seeing its constituents increase by 40 per cent, maintaining the momentum of the preceding quarter.

The company also made modest gains in the stockbroker rankings, gaining one place to seventh with a market cap of £334bn, with Barclays also moving up one spot to eight.

Both of these came at the expense of Citi which saw its market cap shrink to £218bn, reflecting the company’s ongoing fallout from poor fourth quarter results which showed principal transactions revenue down 74 per cent from the prior quarter to $418m.

Stockbroker rankings remained static among the top five in the first quarter of 2015, with JP Morgan Cazenove retaining its top spot with a market cap of £689bn.

The number one spot for financial advisors was retained by UBS with JP Morgan Cazenove also holding on to second place.

Nomura recorded the biggest fall in this category, plunging three places to 18th as its market capitalisation shrank to £21bn, which was still double the market cap of the two new entrants Jefferies Hoare Govett and Peel Hunt, ranked 19th and 20th respectively.

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