| Davy is overall winner but Goodbody performs strongly |
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| Davy Stockbrokers has emerged as the overall winner of the 2003 FINANCE Stockbroking Survey, winning the most categories, but the other brokers, Merrion, NCB and most notably Goodbody, also put in good performances. The honour of most-improved stockbroking firm however, goes to Goodbody, who put in a sterling performance this year to win a host of categories, including repeat winner Colin Hunt for 'Best Research Economist', and 'Analyst of the Year' which went to buiding materials analyst Robert Eason. |
Winning categories such as ‘Best Settlement Service’ and ‘Best Overall Sales Service’ has returned Davy to the top of the class in the 2003 survey, having been eclipsed by NCB last year. Traditionally, Davy has been the overall winner, with NCB being the only other broker to triumph, doing on so on two occasions - in 1988 and 2002.
Davy put in a strong all-round performance, winning more categories than the other participants in the survey, and placing well in the categories they didn’t win. Davy were strongest in the overall firm categories, and in the research products section, with Davy’s ‘Starting Points’, website, company/sector reports and ‘Weekly Book’ emerging as winners in the various categories.
The honour of most-improved stockbroking firm however, goes to Goodbody, who put in a sterling performance this year to win a host of categories, including repeat winner Colin Hunt for ‘Best Research Economist’, and ‘Analyst of the Year’ which went to buiding materials analyst Robert Eason.
Most significantly however, Goodbody took the ‘Best Irish Equity Research Overall’ award, fending off the advances of Davy. For the second year in a row, this category was voted as the most important thing fund managers - both domestic and international- look for in an Irish stockbroker.
The second most important thing fund managers look for in a broker is a newly entered criteria, ‘Objectivity of Equity Research’. When fund managers were polled as to who in the Irish market best achieves this, Merrion emerged as the winner.
Merrion, who featured in the survey for the fourth time, performed well in the analysts and research section, with financials analyst Seamus Murphy winning the ‘Best Financials Analyst’ section, and he also took another award in a new category, ‘Best Research Report of the Year’ with his report on Irish Life & Permanent.
Although NCB didn’t perform as well as it did last year, it remained dominant in several categories, with equity analyst Bernard McAlinden holding onto his title as ‘Best Equity Strategist’ and last year’s analyst of the year John Sheehan, staying firm in the ‘Best Mid-Cap Industrials Analsyt’ category. NCB also won new category ‘Best Economic Reports’.
In the newly expanded bonds section, AIB Primary Dealing Unit performed particularly well, winning six out of the eight categories, including ‘Best for Settlement Service’ and Shane Lawless took the ‘Best Bond Analyst’ award.
Ninety-two institutions, both domestic and international fund managers active in the Irish market, were invited to complete the survey which was carried out from mid-September to mid-October 2003. (See supplement for full results). |
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| Article appeared in the November 2003 issue.
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