Bank of America and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the Middle East & Africa region during the first half (H1) 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 $9.9 billion worth of deals. Meanwhile, Rothschild & Co led by volume by advising on a total of five deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Bank of America was just shy of hitting the $10 billion mark in total deal value in H1 2023. Resultantly, it not only led by value but also outpaced its peers by a significant margin. Bank of America also occupied the sixth position by volume. Similarly, Rothschild & Co, which led the chart by volume, occupied the fifth position by value.”

JP Morgan occupied the second position in terms of value, by advising on $4.9 billion worth of deals, followed by Lazard with $1.3 billion, Goldman Sachs with $1.3 billion and Rothschild & Co with $1.3 billion.

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