World’s Best Investment Banks 2021
18 February 2021
Global Finance magazine has named the 22nd annual World’s Best Investment Banks in an exclusive survey to be published in the April 2021 print and digital editions and online at GFMag.com.
J.P. Morgan was honored as the Best Investment Bank in the World for 2021.
"With widespread expectations of consolidation in multiple sectors and all around the world, investment banks will play a leading role in reshaping the world economy post-pandemic," said Joseph D. Giarraputo, publisher and editorial director of Global Finance. "Companies need more than ever to understand the specialties and skills that investment bank brings to the table. Global Finance awards are a valuable guide."
Global Finance editors, with input from industry experts, used a series of criteria including entries from banks, market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings and market reputation-to score and select winners, based on a proprietary algorithm. Deals announced or completed in 2020 were considered.
| GLOBAL WINNERS | |
| Best Investment Bank | J.P. Morgan |
| Best Boutique Investment Bank | Evercore Partners |
| Best Equity Bank | J.P. Morgan |
| Best Debt Bank | Standard Chartered |
| Best M&A Bank | Citi |
| Best Bank for IPOs | Morgan Stanley |
| Best in Emerging Markets | VTB Capital |
| Best in Frontier Markets | EFG Hermes |
| Best Up-and-Comer | PJT Partners |
| Best Investment Bank For Sustainable Financing |
BBVA |
| Best Bank For Crisis Finance Solutions | DBS |
| Best Multilateral Finance Institution | African Development Bank |
| Best Bank for Client Facing Technology | DBS |
| Best Bank For New Financial Products | Societe Generale |
| REGIONAL WINNERS | |||
| AFRICA | MIDDLE EAST | ||
| Best Investment Bank | Standard Bank | Best Investment Bank | Samba Capital |
| Best Equity Bank | EFG Hermes | Best Equity Bank | First Abu Dhabi Bank |
| Best Debt Bank | Nedbank | Best Debt Bank | Standard Chartered |
| Best M&A Bank | Absa | Best M&A Bank | Standard Chartered |
| Best Bank For Crisis Financial Solutions | Afreximbank | Best Bank For Crisis Financial Solutions | Mashreq |
| ASIA-PACIFIC | NORTH AMERICA | ||
| Best Investment Bank | DBS | Best Investment Bank | J.P. Morgan |
| Best Equity Bank | CICC | Best Equity Bank | Goldman Sachs |
| Best Debt Bank | Bank of China | Best Debt Bank | J.P. Morgan |
| Best M&A Bank | Citi | Best M&A Bank | Goldman Sachs |
| Best Bank For Crisis Financial Solutions | DBS | Best Bank For Crisis Financial Solutions | J.P. Morgan |
| CENTRAL & EASTERN EUROPE | WESTERN EUROPE | ||
| Best Investment Bank | VTB Capital | Best Investment Bank | UBS |
| Best Equity Bank | VTB Capital | Best Equity Bank | BBVA |
| Best Debt Bank | Sberbank | Best Debt Bank | Nordea |
| Best M&A Bank | Sberbank | Best M&A Bank | UBS |
| Best Bank For Crisis Financial Solutions | Renaissance Capital | Best Bank For Crisis Financial Solutions | Nordea |
| LATIN AMERICA | |||
| Best Investment Bank | BTG Pactual | ||
| Best Equity Bank | Bradesco BBI | ||
| Best Debt Bank | Bradesco BBI | ||
| Best M&A Bank | Itaú BBA | ||
| Best Bank For Crisis Financial Solutions | Itaú BBA | ||
| SECTOR WINNERS | |||
| Consumer | Citi | Metals & Mining | BMO Capital |
| Financial Institutions | Credit Suisse | Oil & Gas | Morgan Stanley |
| Healthcare | Bank of America Merril Lynch | Power | DBS |
| Industrials/Chemicals | J.P. Morgan | Real Estate | Goldman Sachs |
| Infrastructure | Standard Chartered | Technology | Bank of America Merril Lynch |
| Media/Entertainment | Citi | Telecoms | Intesa Sanpaolo |
| COUNTRY AND TERRITORY WINNERS | |||
| Angola | Standard Bank Angola | Hong Kong | HSBC |
| Argentina | BBVA | Iceland | Arion Banki |
| Armenia | Ameriabank | India | Kotak Investment Banking |
| Australia | Macquarie Bank | Indonesia | Indo Premier Securities |
| Austria | Bank Austria UniCredit | Ireland | Davy Group |
| Bahrain | SICO | Israel | Goren Capital Group |
| Belgium | BNP Paribas Fortis | Italy | Banca IMI |
| Brazil | Bradesco BBI | Japan | Morgan Stanley MUFJ |
| Canada | RBC Capital Markets | Jordan | Al Arabi Investment Group |
| Chile | Banchile Citi Global Markets | Kazakhstan | Halyk Finance |
| China | CCB | Kenya | Renaissance Capital |
| Colombia | Banca de Inversión Bancolombia | Kuwait | Markaz |
| Cyprus | BTIG | Malaysia | CIMB |
| Denmark | Nordea | Mauritius | Absa Bank |
| Dominican Republic | Citi | Mexico | Citibanamex |
| Ecuador | Citi | Mongolia | Golomt Bank |
| Egypt | Misr Capital | Morocco | Attijariwafa |
| El Salvador | Citi | Mozambique | Standard Bank |
| Finland | Nordea | Netherlands | Rabobank Nederland |
| France | BNP Paribas | New Zealand | Craigs Investment Partners |
| Georgia | TBC Capital | Nigeria | Coronation Merchant Bank |
| Germany | Deutsch Bank | Norway | DNB |
| Ghana | Stanbic Bank | Oman | Bank Muscat |
| Greece | Citi | Pakistan | National Bank of Pakistan |
| Peru | Citi | Northeast | KeyBanc Capital Markets |
| Philippines | BDO Capital and Investment | Mid-Atlantic | PNC Bank |
| Poland | Bank Pekao | Midwest | US Bancorp |
| Portugal | Millennium BCP | Southeast | Raymond James |
| Puerto Rico | J.P. Morgan | Southwest | Piper Sandler |
| Qatar | QNB Capital | West | Silicon Valley Bank |
| Russia | VTB Capital | ||
| Saudi Arabia | Samba Capital | ||
| Singapore | DBS | ||
| South Africa | Nedbank | ||
| South Korea | Korea Investment & Securities | ||
| Spain | BBVA | ||
| Sweden | Nordea | ||
| Switzerland | UBS | ||
| Taiwan | CTBC | ||
| Thailand | Siam Commercial Bank | ||
| Turkey | Garanti BBVA | ||
| UAE | First Abu Dhabi Bank | ||
| Ukraine | Dragon Capital | ||
| United Kingdom | Goldman Sachs | ||
| United States | J.P. Morgan | ||
| Vietnam | HSBC | ||
