Bank of America and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the Middle East & African region during the first three quarters (Q1-Q3) of 2023 by value and volume, respectively, according to the latest Financial Advisers League Table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised.

Based on its Financial Deals Database, the leading data and analytics company has revealed that Bank of America achieved the top position in terms of value by advising on $9.9 billion worth of deals. Meanwhile, Rothschild & Co led in terms of volume by advising on a total of seven deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Bank of America registered a massive jump in the total value of deals advised by it during Q1-Q3 2023 compared to the same period in the previous year. Moreover, it was just shy of touching the $10 billion mark in total deal value during Q1-Q3 2023. Apart from leading by value, Bank of America also occupied the sixth position by volume.

“Similarly, Rothschild & Co, apart from leading by volume, also occupied the ninth position by value during Q1-Q3 2023.”

An analysis of GlobalData’s Financial Deals Database reveals that JP Morgan occupied the second position in terms of value, by advising on $7.6 billion worth of deals, followed by Citi with $6.3 billion and Aream with $4.9 billion, while PJT Partners and Teneo jointly occupied the fifth position by this metric with a total deal value of $2.7 billion each.

Meanwhile, Java Capital occupied the second position in terms of volume with four deals, while Ernst & Young, Macquarie, and Standard Bank Group Ltd jointly occupied the third position by this metric by advising on four deals each.