Goodbody has taken first place in Ireland in the most prestigious and comprehensive ranking of European stockbroking firms - the Extel Survey - for the second year in a row and the fourth time in five years.
The firm has also secured first place in the research category and for trading and execution in the main rankings, confirming Goodbody’s status as the standout performer in the Irish market. Several Goodbody employees were singled out for individual achievement, as well, grabbing many of the top spots in research, sales and trading.
The results cap another year of growth and success for Goodbody, which has been steadily expanding its franchise in the UK and cementing its position as Ireland's pre-eminent capital markets and corporate advisory firm. The recognition by institutional investors for the quality of its people, products and services strongly positions Goodbody for growth as the broking industry is undergoing significant competitive and regulatory changes following the introduction of MIFID II in January.
Commenting on the results, Goodbody Managing Director Roy Barrett said: "We are delighted the global investment community continues to recognise the quality of the service our Investment Banking team consistently delivers. Our institutional and corporate business has been growing its market presence in a highly challenging environment – as our numerous business wins in the last year demonstrate."
Goodbody continues to expand its research coverage and has been involved in a series of major corporate fundraisings in the year since the last Extel survey. So far in 2018 Goodbody has helped raise or place more than €4 billion in capital markets transactions involving OneSavings Bank, Supermarket Income REIT, Draper Esprit, Playtech, Wizz Air and AIB. Goodbody was also appointed joint corporate broker for Rank.
Goodbody transactions in last year
- AIB: corporate broker, financial adviser, Irish sponsor and joint bookrunner on €3.4 billion initial public offering
- Wizz Air: £250 million sell down for Indigo
- Playtech: £337 million sell down for Brickington
- OneSavings Bank: £80 million placing for JC Flowers
- Supermarket Income REIT: £65 million placing of new shares
- Draper Esprit: £115 million placing of new shares
About the Extel Survey
The Extel surveys set the standard of achievement for stockbroking and investment banking across the globe. They are the most complete evaluation of professional investor opinion in the world, taking soundings from nearly 2,500 fund managers, including most of the major global asset managers.