FM Ranking the Analyst Awards 2021

Standard SBG Securities extends its market dominance in the Ranking the Analyst survey, which celebrates its 45^th anniversary this year.

In an awards ceremony today, Standard SBG took the overall award for top-ranked research firm for the sixth consecutive year. RMB Morgan Stanley takes second place and Renaissance Capital is third – unchanged from last year.

Noah Capital wins the small black broker award, which was introduced to recognise excellence in this space as well as to help overcome structural hurdles that small brokers face. Prescient Securities ranks second followed by Primaresearch.

The Young Analyst awards go to Keamogetse Konopi of Standard SBG for the equities category and Nedgroup’s Reezwana Sumad for the non-equities category.

These awards, which recognise excellence in research, shine an important light onto the institutional stockbroking sector in South Africa. The buy side – largely asset managers and pension funds – rate individual research analysts in various sectors and categories and the results are presented in the tables that follow.

The Financial Mail has been publishing the rankings since 1977 and Intellidex has been conducting the research for them since 2014.

The FM Ranking the Analysts survey has been the leading assessment of investment banks’ stockbroking businesses for more than 40 years. It remains the most comprehensive assessment of the country’s top investment researchers. Sell-side firms nominate their analysts in the various JSE categories, then the firms that buy their research – asset managers, pension funds and the like – rank the analysts.

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