These are the top M&A teams in the top sectors in Europe this year. If you work at BAML, expect smaller deals
It's that time of the year: every organisation that produces a league table of investment banking M&A deals has done the deed for the first nine months of 2012. In Europe, according to Dealogic, the league goes like this: Deutsche 1st, Goldman 2nd, Rothschild 3rd, BAML 4th, JPMorgan 5th, Morgan Stanley 6th, Lazard 7th, Credit Suisse 8th, UBS 9th and Barclays 10th. Notably, UBS is outside the top 10.
More interesting, however, given the dire nature of European M&A this year (it's at its lowest level since 2004), is a look at the particular teams within particular banks which are doing well.
With this in mind, Dealogic has provided us with the European M&A league tables for the eight hottest sectors (finance, mining, oil and gas, telecoms, real estate, utility and energy, and technology). The teams you want to be working in now are as follows:
Separately, Thomson Financial has an interesting table, also out today, and shown below, reflecting the share of banks' M&A business accounted for by larger deals. Bank of America Merrill Lynch's M&A business appears to be picking up a disproportionate number of deals outside the top 15.