Investec Bank plc (“Investec”) continues to strengthen its position in the Extel Survey, winning more first place sector rankings in 2020 than any other broker and securing first place in the UK Small and Midcap (SMID) corporate broking ranking.
The bank also moved up to 2nd place in the UK SMID sales rankings, and consolidated its top 3 ranking for UK SMID research. Extel, which was acquired by Institutional Investor in 2018, attracts votes from more than 10,000 industry professionals each year.
Investec achieved top 3 research rankings in ten sectors (2019: six sectors), including seven firsts. In the cross-sector rankings, Investec provided four out of the top ten analysts across the UK market.
Andrew Peck, Listed Client Group Head at Investec, commented:
“These results illustrate Investec’s continued progress and ongoing commitment to delivering best-in-class service to our institutional and corporate clients across the UK equity market. We will keep investing across our platform to ensure we continue to enhance and build upon our position as the leading bank for UK small and mid-caps.”
The results reflect a sustained period of investment, with a combination of veteran analysts and new teams. Significant new hires include a specialist Investment Trusts team from Canaccord Genuity and a Healthcare team from N+1 Singer, to add to an already strong franchise in that area. In addition, Investec has re-enforced its position in sectors including Capital Goods and Support Services, with several senior analyst hires.
Extel’s 46th annual ranking of European brokers provides a useful benchmark for the performance of the UK broking industry post-MiFID II, with larger mid-market banks including Investec pulling away from the rest of the SMID broking community as the market becomes increasingly bifurcated.
Andrew Peck continued:
“We are the only bank offering a full service – including financing, advisory, corporate broking and risk management capabilities – across the UK small and mid-cap market. Equity capital will be vital to the global economic recovery and we are proud that our long-standing relationships have supported clients in raising over £1.2 billion since March, ensuring that they were able to access the funding they needed.”
Underlining its distribution power in the mid-market, Investec was ranked No.1 by value and volume for equity capital raisings during Q2 2020 for sole bookrunner deals >£5million, according to recent Dealogic data.
Harold Hutchinson, Head of Equity Research at Investec, commented:
“These rankings are a firm recognition of the quality of our research offering in UK SMID. We will continue to build on this success in the months ahead, as we strive for further 1st place positions across a range of other UK sectors.”
For further information please contact:
Luke O’Mahony, Investec (Public Relations)
020 7597 5261
Sarah Oppler, Lansons (PR agency for Investec)
020 7566 9709
Investec partners with private, institutional and corporate clients to offer international banking, investments and wealth management services in two principal markets: South Africa and the UK, as well as certain other countries. The group was established in 1974 and currently has approximately 8,300 employees. In 2002, Investec implemented a dual listed company structure with listings on the London and Johannesburg Stock Exchanges. In March 2020, the Asset Management business was demerged and separately listed as Ninety One.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604).
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.