Morgan Stanley and Piper Sandler were the top mergers and acquisitions (M&A) financial advisers in the financial services sector during the first quarter (Q1) of 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 Morgan Stanley achieved the leading position in terms of value by advising on $51 billion worth of deals. Meanwhile, Piper Sandler led in terms of volume by advising on a total of nine deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both Morgan Stanley and Piper Sandler experienced improvement in value and volume. While Piper Sandler’s ranking by volume improved from sixth position in Q1 2023 to the top position in Q1 2024, Morgan Stanley went ahead from occupying the 11th position by value in Q1 2023 to top the chart by this metric in Q1 2024.

“In fact, Morgan Stanley was the only adviser to hit the $50 billion mark during Q1 2024. The involvement in two mega deals valued more than $10 billion helped Morgan Stanley to top the chart by value during the quarter.”

Centerview Partners and PJT Partners jointly occupied the second position in terms of value with each of them advising on one deal worth $35.3 billion, followed by Evercore with $28.3 billion and JP Morgan with $22.5 billion.

Meanwhile, Goldman Sachs and Stifel/KBW occupied the second position in terms of volume with eight deals, followed by Morgan Stanley and JP Morgan with six deals.