UBS was the top mergers and acquisitions (M&A) financial adviser in South & Central America region during the first half (H1) of 2023 by volume while Bank of America and Morgan Stanley jointly held the top position by value, 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 UBS led in terms of volume by advising on a total of eight deals. Meanwhile, Bank of America and Morgan Stanley achieved the leading position in terms of value by advising on $2.5 billion worth of deals each.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both Bank of America and Morgan Stanley registered growth in deal value that helped them improve their rankings by value in H1 2023 over H1 2022. Bank of America witnessed 553.5% growth in total deal value and went ahead from occupying the 12th position by value in H1 2022 to top the chart by this metric in H1 2023.

“Similarly, Morgan Stanley registered 15.7% growth in total deal value and went ahead from occupying the seventh position by value in H1 2022 to top the chart by this metric in H1 2023. Meanwhile, UBS, which lead by volume, fell short of only two deals from touching double-digit deals volume.”

ARC Group Limited occupied the third position in terms of value, by advising on $250 million worth of deals, followed by United Overseas Bank with $170 million and UBS with $94 million.

Meanwhile, 44 Capital Financas Corporativas occupied the second position in terms of volume with four deals, followed by Pipeline Capital Tech with two deals, IGC Partners with two deals and Clairfield International with two deals.