If you work in equities sales and trading, fixed income currencies and commodities (FICC), or maybe just M&A, equity capital markets (ECM) and debt capital markets (DCM) – with the latter triad known collectively as IBD – and you’re wondering which bank you should be situated in during 2013, the latest huge report from Deutsche Bank has some of the answers.
1. If you work in FICC, you should have been at JPMorgan, Citi, or HSBC
2. If you work in equities, you should have been at Morgan Stanley, UBS or BAML
3. If you work in IBD, you should have been at JPMorgan, BAML or UBS
Meanwhile, when it comes to sales and trading revenues, Deutsche Bank analysts point out (as we have several times previously) that European banks aren’t doing too well – particularly in FICC. European banks’ share of fixed income sale and trading revenues has fallen from 32% in 2006 to 29% around now. In equities, European banks increased their collective market share from 28.9% in 2007 to 41.6% in 2010, only to sink back to a meager 35.9% in 2009.
This is how it all pans out on a bank-by-bank basis….
4. This is what’s happened to UBS’s market share in equity sales and trading and FICC sales and trading since 2007
5. This is what’s happened to Credit Suisse’s market share in equity sales and trading and FICC sales and trading since 2007
6. This is what’s happened to Barclays’ market share in equity sales and trading and FICC sales and trading since 2007
7. This is what’s happened to HSBC’s market share in equity sales and trading and FICC sales and trading since 2007![HSBC market share]()
8. This is what’s happened to BNP Paribas’s market share in equity sales and trading and FICC sales and trading since 2007
9. And this is what’s happened to SocGen’s market share in equity sales and trading and FICC sales and trading over the past six years…
