BMO Capital Markets and Rand Merchant Bank were the top mergers and acquisitions (M&A) financial advisers in the Middle East & African region in 2024 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 revealed that BMO Capital Markets achieved the leading position in terms of value by advising on $8.7 billion worth of deals. Meanwhile, Rand Merchant Bank led in terms of volume by advising on a total of 10 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Rand Merchant Bank was among the only two advisers with double-digit deal volume in 2024. It registered a jump in the total number of deals advised by it during 2024 compared to the previous year. Resultanltly, Rand Merchant Bank’s ranking by volume also improved from the 10th position in 2023 to the top position in 2024. Apart from leading by volume, it also occupied the 10th position by value in 2024.

“Meanwhile, BMO Capital Markets managed to top the chart in terms of value by advising on only two deals during the year. Its involvement in the $8.7 billion deal for the acquisition of CI Financial by Mubadala Capital played a pivotal role in securing the top position by value.”

Jefferies occupied the second position in terms of value by advising on $8.7 billion worth of deals, followed by Rothschild & Co with $2.4 billion, HSBC with $2.3 billion and Clairfield International with $1.8 billion.

Meanwhile, PwC occupied the second position in terms of volume with 10 deals, followed by Rothschild & Co with eight deals, HSBC with eight deals and Clairfield International with seven deals.