For the full details of Finance Magazine's Stockbroking Survey 2006 please click the pdf file here.
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Boom year for brokers as international business grows
Ireland’s stockbroking firms are continuing to benefit from buoyant economic conditions, which is leading to strong growth in institutional equities, wealth management and corporate finance. Moreover, the international proportion of their business continues to grow, as evidenced by the growing number of respondents to this year’s FINANCE Stockbroking Survey. |
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Beating the benchmark at BIAM
Following the end of Chris Reilly's tenure as chief investment officer of Bank of Ireland Asset Management (BIAM), the asset manager installed a new leadership team to take responsibility for its investment activities. As newly appointed managing director of global equities, Paul Boyne is responsible for ensuring that he makes the very best use of the research available, and that ultimately the right stocks end up in the asset manager's portfolios. |
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Davy remains dominant as NCB re-emerges
A strong performance from Davy in this year’s survey has seen the firm scoop 13 titles, including re-capturing the ‘Best Irish Equity Research Overall’ title it relinquished to Goodbody in last year’s survey, and winning six of the bond category awards. Goodbody follows closely behind Davy in this year’s survey, scooping 11 titles, including ‘Best Overall Financials Research Service’, and ’Best Economist’. After a number of years of mixed performances NCB has re-emerged as a contender once more, winning a slew of titles, while Merrion’s Adrian O’Carroll and Robert Brisbourne have another great year. |
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Davy and Goodbody share the spoils in this year’s survey
By winning four titles each, Goodbody and Davy are tied in top position of the Stockbroking Firm Ratings 2006. Although Davy has lost its dominant hold on the ratings, which it had maintained for the past two years, the firm has managed to snatch back, in a very tight finish, one of the survey’s biggest awards ‘Best Irish Equity Research Overall’ award for the 15th time from Goodbody, who won the award last year. |
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Survey methodology
The survey was carried out amongst fund and asset managers both in Ireland and internationally who do significant business with Irish stockbroking firms. Stockbroking firms and corporates are not included. It was carried out on a web based questionnaire, during the month of October 2006. |
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Three in a row for O’Carroll
Another good year for Merrion’s Adrian O’Carroll has seen him scoop the award for the third year in a row. |
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Goodbody returns to the fore in analyst rankings
With five titles in this year’s awards, Goodbody has re-captured the dominance it gained in the 2004 survey when it won eight titles in total. NCB has also re-emerged as a strong contender winning three titles, while Merrion’s Robert Brisbourne continues to perform well for the firm, taking two titles. |
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Brisbourne wins award for C&C report
For the second year in a row Merrion’s Robert Brisbourne has won ‘Research Report of the Year’ for his ‘C&C Magners Survey’. |
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Sheehan is back on top
After his last victory in this category in 2002, NCB’s John Sheehan has once again emerged as the winner. |
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Merrill Lynch emerges as winner
Merrill Lynch has emerged as the overall winner of the ‘International Firm Ratings’ category. |
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O’Leary wins back title
Dermot O’Leary has won back this title for Goodbody, following Colin Hunt’s departure in 2004. |
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Priorities remain the same in 2006
Fund managers have voted on the same criteria for choosing a stockbroker in this year’s survey, as in 2005. |
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Duff wins title for first time
NCB is tops for sales traders with three employees in the top five. |
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Davy dominates in absence of other big firm
Davy dominates the bonds section of this year’s survey, winning a total of six titles. However, Bloxham has edged closer to the firm, winning two titles for the first time ‘Best Back Office/Settlement’ and ’Best Overall High Yield Service’. |
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Meeting the demands of a growing market
Roy Barrett looks back on Goodbody’s year so far, which looks set to be more profitable than 2005, and examines the challenges and opportunities ahead. Growth for the firm over the past year has come from a strong equities environment, a booming corporate finance division, and an expansion of the firm’s range of services. |
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From Dublin to Reykjavik - a busy year for Merrion
Adrian O’Carroll looks back on a buoyant year for Merrion, the first as a subsidiary of an Icelandic bank, and assesses the key challenges and opportunities that will face the firm over the coming year. |
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Foreign firms find reasons for ‘being on the ground’
Irish based institutional fund managers are benefiting from increased competition in the brokerage market-place, with international based firms now also servicing Ireland. Moreover, some international firms have established offices on the ground. Fiona Reddan profiles the Irish operations of international broking firms Collins Stewart, Citigroup and ABN AMRO. |
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Sector is booming with wind at back
The stockbroking industry is currently playing with the wind firmly at its back, as macro economic conditions and market sentiment remains favourable, writes Conor O’Kelly. He says that NCB’s continued focus on winning market share across the business has produced new highs in revenues and profitability for 2006. |
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Increasing complexity of regulatory framework poses challenges for industry
Although strong market conditions are leading to times of prosperity at newly independent Davy, the complexity and workload associated with the flow of European Directives presents a serious challenge to the industry, writes Tony Garry. |
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Building groups reign in inaugural IR survey
CRH, Kingspan and Paddy Power share the spoils in this, the inaugural FINANCE ‘Investor Relations’ survey. CRH comes out on top, winning three awards, followed by Kingspan with two, and the ‘Best IR service (micro-cap)’ for Paddy Power. |
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The changing face of the IR professional
Ryanair’s Howard Millar and AIB’s Patricia Clarke speak to Fiona Reddan about the evolving role of today’s investor relations (IR) professional. |
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How brokers bridge company and investor IR objectives
Linda Hickey reviews the role corporate brokers play in helping firms achieve their investor relations needs. |
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Gearing up for growth at ILIM
Gerry Keenan was appointed CEO of Irish Life Investment Managers (ILIM) in 2005, having previously spent 21 years with the firm, one of Ireland’s largest asset managers. Since assuming the role, Keenan is focusing on improving the firm’s performance in three key areas: i) performance, ii) service and iii) investment solutions; and is looking from an investment perspective to the coming year with ‘cautious optimism’. |
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Strong market performance is the icing on the cake for Merrion
One year on from Merrion’s acquisition by Icelandic bank Landsbanki, Liam Boggan examines the changes that have been undertaken at the broker, the impact of its new parent, and overall market performance. |
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Ireland's structural advantage - corporates to continue to out-perform
Buoyed by a growing population and labour supply, Irish companies can look forward to continued prospects for out-performance, writes Dermot O'Brien, as these factors underpin the positive impulse both to the economy's supply-side capacity for growth, and to the structural expansion of the domestic market for goods and services. |
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