BMO Capital Markets and Canaccord Genuity Group were the top mergers and acquisitions (M&A) financial advisers in the metals & mining sector during the first three quarters (Q1-Q3) of 2023 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.

Based on its Financial Deals Database, the leading data and analytics company reveals that BMO Capital Markets achieved the leading position in terms of value by advising on $37.1 billion worth of deals. Meanwhile, Canaccord Genuity Group led in terms of volume by advising on a total of 10 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Canaccord Genuity Group was the only adviser with double-digit deal volume during Q1-Q3 2023. It’s ranking by volume also jumped from third position in Q1-Q3 2022 to the top spot in Q1-Q3 2023.”

“Meanwhile, BMO Capital Markets, which was the top adviser by value in Q1-Q3 2022, managed to retain its leadership position by this metric in Q1-Q3 2023. It also experienced a significant jump in the total value of deals advised by it during Q1-Q3 2023 compared to Q1-Q3 2022 due to its involvement in two mega deals valued more than $10 billion.”

An analysis of GlobalData’s Financial Deals Database reveals that JP Morgan occupied the second position in terms of value, by advising on $22.5 billion worth of deals, followed by Lazard with $20 billion and Bank of America with $19.6 billion.

Meanwhile, BMO Capital Markets occupied the second position in terms of volume with six deals, followed by Allenby Capital with six deals, Macquarie with five deals, and Haywood Securities with five deals.