Continuity
trumps change yet again this quarter, with UBS Warburg
still clearly the dominant financial adviser.
Notwithstanding
a loss of 5.5 clients, Warburgs continues comfortably
to top the rankings of firms by size of listed company
clients. Indeed, it is still the only firm that can
boast a three-figure client list. The other podium places
remain unchanged, Dresdner Kleinwort Wasserstein edging
out HSBC Investment Bank.
In
the other size table, ranking financial advisers by
their aggregate client pretax profit, Warburg is top
dog yet again, ahead of HSBC and Dresdner Kleinwort
Wasserstein. Again, no change in the top half of that
table.
However,
thanks to new entrant Teather & Greenwood Ltd, there
is at least some movement at the other end of the tables.
Teather's appearance is at the expense of last quarter's
newcomer, Williams de Broe, who was unable to retain
sufficient stockmarket company clients to cement its
recently-acquired position in the tables.
Teather's
biggest impact is in the two 'growth' tables: in at
number eight in the rankings by increases in client
earnings per share, and tenth place in the rankings
of fastest growing clients. While Beeson Gregory holds
onto first place in the fastest growing clients table,
Schroder Salomon Smith Barney jumps five places to second,
while Collins Stewart climbs five places to twelth.
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