Goldman Sachs and Piper Sandler were identified by GlobalData as the top mergers and acquisitions (M&A) financial advisers in the financial services sector for Q1-Q3 2022 by value and volume, respectively. According to the leading data and analytics company’s latest Financial Advisers League Table, which ranks financial advisers by the value and volume of M&A deals on which they advised, Goldman Sachs achieved its leading position by value by advising on $93.7 billion worth of deals, while Piper Sandler led by volume by advising on a total of 37 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Piper Sandler was just three shy of the 40 deals mark, but had a six-deal lead on its closest competitor. Despite leading by volume, it lagged in terms of deal value and did not feature in this top 10 list.

“Meanwhile, despite advising on relatively fewer deals, Goldman Sachs managed to be the top adviser by deal value due to its involvement in several big-ticket deals. The firm advised on nine billion-dollar deals*, which included two mega deals valued more than $10 billion—one of these was valued more than $50 billion.”

Analysis of GlobalData’s Financial Deals Database reveals that JP Morgan occupied the second position by value, by advising on $90.1 billion worth of deals; followed by Morgan Stanley, with $87.7 billion; Citi, with $80.6 billion; and Bank of America, with $70.5 billion. Meanwhile, Stifel/KBW occupied the second position in terms of volume with 31 deals; followed by Houlihan Lokey, with 24 deals; Goldman Sachs, with 22 deals; and Rothschild & Co, with 21 deals.

According to GlobalData’s report, ‘Global and Financial Services M&A Report Financial Adviser League Tables Q1-Q3 2022’, a total of 2,615 M&A deals worth $286.6 billion were announced in the sector during Q1-Q3 2022.

* Valued more than or equal to $1 billion.