Citi and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the Middle East & Africa region in 2022 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 Citi achieved its leading position in terms of value by advising on $12.8 billion worth of deals. Meanwhile, Rothschild & Co led in volume terms by advising on a total of 15 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although there was a decline in the number of deals advised by Citi, the total value of these deals were much higher (grew by a massive 82.9%) in 2022 compared to 2021. Resultantly, there was a significant jump in Citi’s ranking by value from the fifth position in 2021 to top of the chart in 2022.”

“Meanwhile, Rothschild & Co, which was the top adviser by deals volume in 2021, managed to retain its lead in 2022 as well, despite suffering a decline in the number of deals.”

An analysis of GlobalData’s Financial Deals Database reveals that Deloitte occupied the second position in terms of volume with 11 deals; followed by JP Morgan with seven deals; Goldman Sachs with seven deals; and Lazard with five deals.

Meanwhile, JP Morgan occupied the second position in terms of value, by advising on $11.2 billion worth of deals; followed by Centerview Partners with $7.4 billion; Bank of America with $7.2 billion; and Goldman Sachs with $6.9 billion.