Bank of America and RBC Capital Markets were the top mergers and acquisitions (M&A) financial advisers in the metals and mining sector during the first half (H1) of 2024 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.

An analysis of GlobalData’s Deals Database reveals that Bank of America achieved the leading position in terms of value by advising on $5.4 billion worth of deals. Meanwhile, RBC Capital Markets led in terms of volume by advising on a total of six deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “RBC Capital Markets registered a massive jump in its ranking by volume in H1 2024 compared to H1 2023. It went ahead from 43rd position by volume in H1 2023 to top the chart by this metric in H1 2024. Apart from leading by volume, RBC Capital Markets also occupied the eighth position by value during H1 2024.

“Meanwhile, Bank of America, apart from leading by value, also occupied seventh position by volume in H1 2024. Despite a year-on-year decline in total value of deals advised, Bank of America’s ranking in terms of value improved from the third position in H1 2023 to the top spot in H1 2024.” 

Lazard occupied the second position in terms of value, by advising on $3.8 billion worth of deals, followed by JP Morgan with $2.4 billion, UBS with $2.2 billion and Piper Sandler with $1.9 billion.

Meanwhile, Cormark Securities occupied the second position in terms of volume with four deals, followed by BMO Capital Markets with four deals, Macquarie with three deals and Argonaut PCF with three deals.