JP Morgan and Piper Sandler were the top mergers and acquisitions (M&A) financial adviser in the financial services 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, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that JP Morgan achieved the leading position in terms of value by advising on $16.6 billion worth of deals. Meanwhile, Piper Sandler led in terms of volume by advising on a total of 21 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “JP Morgan, which led by value, was comfortably ahead of its peers. It managed to advise on six billion-dollar deals* during Q1-Q3 2023. Apart from leading by value, JP Morgan also occupied the fifth position by volume.

“Meanwhile, Piper Sandler managed to occupy the top spot by volume but faced close competition from UBS during Q1-Q3 2023. UBS fell short of just one deal to occupy the top spot by volume.”

UBS occupied the second position in terms of volume with 20 deals, followed by Rothschild & Co with 19 deals, Houlihan Lokey with 19 deals and JP Morgan with 17 deals.

Meanwhile, Bank of America occupied the second position in terms of value, by advising on $14.8 billion worth of deals, followed by Morgan Stanley with $12.7 billion, Goldman Sachs with $10.6 billion and RBC Capital Markets with $10.5 billion.

*Deals valued ≥ $1 billion