Bank of America and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in Middle East & Africa region during the first quarter (Q1) of 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 Financial Deals Database reveals that Bank of America achieved its leading position in terms of value by advising on $5 billion worth of deals. Meanwhile, Rothschild & Co led in volume terms by advising on a total of four deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Rothschild & Co occupied the top position by volume in Q1 2022 also. On the other hand, it managed to occupy the sixth position by value.

“Meanwhile, Bank of America advised on a single deal. However, that single deal not only helped it occupy the top position by value in Q1 2023 but also helped in improving its ranking by this metric significantly over Q1 2022. Bank of America also managed to occupy the seventh position by volume.”

Citi, BNP Paribas, Mitsubishi UFJ Financial and Natixis jointly occupied the second position in terms of value, with each advising on $2.2 billion worth of deals.

Meanwhile, Java Capital occupied the second position in terms of volume with three deals, followed by Ernst & Young with three deals, Nedbank Group with two deals and PwC with two deals.