Biggest League Table Rises/Slips From 2015-2020 to Today

Global M&A Advisory League Table: Avg. Position by Biggest Move
Ranked by deal value | Bloomberg (2015–2020) vs. Mergermarket/FactSet (2024–2025)

Sources: Bloomberg FY2015, FY2017, FY2019 Global M&A Financial Rankings (bloomberglp.com);
Mergermarket FY2024 & FY2025 Global Rankings (ionanalytics.com, Jan 2025 & Jan 2026);
FactSet Q4 2025 M&A Advisor Rankings (factset.com, 2026)

Note: Rankings approximate ±2-3 spots depending on data provider (Bloomberg vs. Mergermarket vs. FactSet).

─────────────────────────────────────────────────────────────────────
BIGGEST RISERS
─────────────────────────────────────────────────────────────────────
Bank                Avg. Rank 2015-20    Avg. Rank 2024-25    Change
─────────────────────────────────────────────────────────────────────
Wells Fargo         ~28-32               #8                   ↑ ~22 spots
Centerview Partners ~22-26               #7-8                 ↑ ~16 spots
BMO Capital Markets ~32-38               #19                  ↑ ~15 spots
PJT Partners        ~30+ (est.)          #15-18               ↑ ~14 spots
Jefferies           ~19-22               #10-12               ↑ ~10 spots
RBC Capital Markets ~22-25               #14-15               ↑ ~9 spots
Evercore            ~10-11               #6                   ↑ ~5 spots
Citi                ~7                   #5                   ↑ ~2 spots
BofA                ~5                   #4                   ↑ ~1 spot

─────────────────────────────────────────────────────────────────────
BIGGEST FALLERS
─────────────────────────────────────────────────────────────────────
Bank                Avg. Rank 2015-20    Avg. Rank 2024-25    Change
─────────────────────────────────────────────────────────────────────
Credit Suisse       ~4-5                 N/A (collapsed)      ↓ Gone
Greenhill           ~18-22               N/A (acq. Mizuho)    ↓ Gone
Rothschild          ~11                  #16-17 (by value)    ↓ ~6 spots*
Deutsche Bank       ~12-13               #13-16               ↓ ~3 spots
UBS                 ~8                   #11-12               ↓ ~3 spots
Lazard              ~9-10                #10-13               ↓ ~2 spots
Barclays            ~6                   #7-9                 ↓ ~2 spots
Moelis              ~12-13               #14                  ↓ ~1 spot

─────────────────────────────────────────────────────────────────────
*Rothschild still ranks ~#5-6 globally by deal COUNT; decline is
purely a value/size metric as it remains focused on mid-market
*Credit Suisse ~#4-5 through 2022 before emergency UBS acquisition
*Greenhill ~#18-22 through 2019 before volume decline; acquired 2023
─────────────────────────────────────────────────────────────────────

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