Tuesday, November 18, 2014

Goldman Sachs sweeps the board at FN Awards

Goldman Sachs was the big winner at Financial News's annual Awards for Excellence in Investment Banking last night, retaining its title as the top investment bank and picking up five other awards.

Some of Europe's most senior banking executives attended last night's private dinner at Boisdale of Belgravia.

Goldman Sachs took home six prizes including European Investment Bank of the Year, a category in which it pipped long-time rival JP Morgan for the second year running.

Michael Sherwood, co-chief executive of Goldman Sachs International, was a clear winner in the Decade of Excellence category, while Richard Gnodde, his co-CEO, was named European Investment Banker of the Year by a similarly wide margin.

The US bank also picked up awards for mergers and acquisitions advice, financial sponsors and industry coverage; its telecoms, media and technology team was named European Industry Coverage Team of the Year for the second successive year.

The only other bank to win multiple gongs was JP Morgan. The US bank was named European Equity Capital Markets House of the Year and UK Corporate Broking House of the Year. It ranked second in three other categories.

Bank of America Merrill Lynch won the Momentum in Investment Banking Award ahead of Morgan Stanley, while Deutsche Bank retained its title as European Debt Capital Markets House of the Year.

Elsewhere, Zaoui & Co, the eponymous boutique set up by brothers Yoël and Michael Zaoui, was named European Independent Adviser of the Year by the closest of margins, edging out Rothschild.

The Editor's Choice Award, the only award not voted for by the industry, went to Hans-Jörg Rudloff, who retired from his role as chairman of Barclays' investment bank earlier this year, drawing the curtain on a career in banking that spanned just short of five decades.