Bank of America and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the Middle East & African region in 2023 by value and volume, respectively according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database reveals that Bank of America achieved its leading 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 10 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Rothschild & Co was the top adviser by volume in 2022 and managed to retain its leadership position by this metric in 2023 as well. In fact, it was the only adviser to hit the double-digit deal volume in 2023. Apart from leading by volume, Rothschild & Co also occupied the ninth position by value during the year.

“Meanwhile, Bank of America, which was at the 21st position by value in 2022, registered a significant jump in the total value of deals advised and went ahead to top the chart by this metric in 2023.”

Citi occupied the second position in terms of value, by advising on $8.5 billion worth of deals, followed by JP Morgan with $7.6 billion, Barclays with $5.4 billion and Aream with $4.9 billion.

Meanwhile, Barclays occupied the second position in terms of volume with five deals, followed by Lazard with five deals, Macquarie with five deals and Ernst & Young with five deals.