Global Finance has named the 26th annual World’s Best Investment Banks in an exclusive report to be published in the April 2025 print and digital editions as well as online at GFMag.com.
BofA Securities has been chosen as the Best Investment Bank in the World for 2025.
“The investment banking sector remains strong but faces headwinds from continued high interest rates—despite some easing—as well as regulatory scrutiny and geopolitical uncertainties that impact deal-making,” said Joseph D. Giarraputo, founder and editorial director of Global Finance. “Meanwhile, M&A activity is showing signs of recovery, and banks are seeing growth in advisory services and capital markets, particularly in sectors like technology and renewable energy. Global Finance is proud to recognize the leading organizations in Investment Banking with World’s Best Investment Bank Awards for 2025.”
Winners will be honored at Global Finance’s 2025 Investment Bank and Sustainable Finance Awards event on May 13 in London at Searcy’s at The Gherkin.
Global Finance editors, with input from industry experts, used a series of criteria to score and select winners, based on a proprietary algorithm. These criteria include: entries from banks, market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings and market reputation. Deals announced or completed in 2024 were considered.
GLOBAL WINNERS
| Best Investment Bank | BofA Securities |
| Best Investment Bank for Infrastructure Finance | Standard Chartered |
| Best Equity Bank | J.P. Morgan |
| Best Debt Bank | BofA Securities |
| Best Bank for IPOs | Morgan Stanley |
| Best in Emerging Markets | Itaú BBA |
| Best in Frontier Markets | KFH Capital |
| Best Investment Bank For Sustainable Financing | Societe Generale |
| Best Multilateral Finance Institution | EBRD |
| Best Bank for Client Facing Technology | BBVA |
| Best Bank For New Financial Products | Banco BTG Pactual |
SECTOR WINNERS
| Financial Institutions | UBS |
| Healthcare | J.P. Morgan |
| Industrials/Chemicals | Bradesco BBI |
| Infrastructure & Project Finance | EBRD |
| Metals & Mining | BMO Capital Markets |
| Power / Energy | Citi |
| Sports Finance | Rothschild & Co |
| Technology, Media & Telecommunications | Centerview Partners |
REGIONAL WINNERS
Africa
| Best Investment Bank | Rand Merchant Bank |
| Best Equity Bank | Chapel Hill Denham |
| Best Debt Bank | Standard Bank |
| Best M&A Bank | Absa |
| Best Investment Bank for Infrastructure Finance | Absa |
Asia-Pacific
| Best Investment Bank | DBS |
| Best Equity Bank | DBS |
| Best Debt Bank | ICBC |
| Best M&A Bank | UBS |
| Best Investment Bank for Infrastructure Finance | ICBC |
Central & Eastern Europe
| Best Investment Bank | Bank Pekao |
| Best Equity Bank | Bank Pekao |
| Best Debt Bank | TBC Bank |
| Best M&A Bank | Bank Pekao |
| Best Investment Bank for Infrastructure Finance | OTP Bank |
Latin America
| Best Investment Bank | Banco BTG Pactual |
| Best Equity Bank | Itaú BBA |
| Best Debt Bank | BBVA |
| Best M&A Bank | Bradesco BBI |
| Best Investment Bank for Infrastructure Finance | Bradesco BBI |
Middle East
| Best Investment Bank | Emirates NBD Capital |
| Best Equity Bank | EFG-Hermes |
| Best Debt Bank | Standard Chartered |
| Best M&A Bank | Rothschild & Co |
| Best Investment Bank for Infrastructure Finance | Standard Chartered |
North America
| Best Investment Bank | Goldman Sachs |
| Best Equity Bank | Cantor Fitzgerald |
| Best Debt Bank | BofA Securities |
| Best M&A Bank | Goldman Sachs |
| Best Investment Bank for Infrastructure Finance | J.P. Morgan |
Western Europe
| Best Investment Bank | UBS |
| Best Equity Bank | UBS |
| Best Debt Bank | BNP Paribas |
| Best M&A Bank | Rothschild & Co |
| Best Investment Bank for Infrastructure Finance | Intesa Sanpaolo |
COUNTRY, TERRITORY AND DISTRICT WINNERS
Africa
| Angola | Standard Bank |
| Egypt | EFG Hermes |
| Ghana | Absa |
| Kenya | Stanbic Bank Kenya |
| Mauritius | Absa |
| Morocco | Attijariwafa |
| Mozambique | Standard Bank |
| Nigeria | Chapel Hill Denham |
| South Africa | Rand Merchant Bank |
Asia-Pacific
| Australia | UBS Australia |
| China | China Construction Bank |
| Hong Kong | UBS HK |
| India | Jefferies India |
| Indonesia | UBS Indonesia |
| Japan | Nomura |
| Kazakhstan | Jusan Invest |
| Malaysia | Maybank |
| Mongolia | Khan Bank |
| New Zealand | Macquarie Bank |
| Pakistan | Habib Bank |
| Philippines | BDO Capital and Investment |
| Singapore | DBS |
| South Korea | KB Financial |
| Taiwan | CTBC |
| Thailand | Siam Commercial |
| Vietnam | SSI |
Central & Eastern Europe
| Armenia | Ameriabank |
| Georgia | TBC Capital |
| Poland | Bank Pekao |
| Turkey | Akbank |
Latin America
| Argentina | Citi |
| Brazil | Banco BTG Pactual |
| Chile | Banchile Citi Global Markets |
| Colombia | BBVA |
| Dominican Republic | Banco Popular Dominicano |
| Ecuador | Citi |
| El Salvador | Banco Agrícola |
| Mexico | BBVA Mexico |
| Panama | Mercantil Servicios Financieros Internacional |
| Peru | Banco de Crédito del Perú |
| Puerto Rico | Banco Popular de Puerto Rico |
Middle East
| Bahrain | SICO BSC |
| Jordan | Arab Jordan Investment Bank |
| Kuwait | KFH Capital |
| Qatar | QNB Capital |
| Saudi Arabia | SNB Capital |
| UAE | Emirates NBD Capital |
North America
| Canada | CIBC |
| United States | Goldman Sachs |
Western Europe
| Austria | Erste Group |
| Belgium | BNP Paribas Fortis |
| Cyprus | Bank of Cyprus |
| Denmark | Nordea |
| Finland | Nordea |
| France | BNP Paribas |
| Germany | Deutsche Bank |
| Greece | Eurobank Ergasias |
| Iceland | Arion Bank |
| Italy | Intesa Sanpaolo |
| Netherlands | ING |
| Norway | Nordea |
| Portugal | Millennium Investment Banking |
| Spain | BBVA |
| Sweden | Nordea |
| Switzerland | UBS |
| United Kingdom | HSBC |
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For editorial information, please contact Andrea Fiano, editor, afiano@gfmag.com
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 188 countries, territories and districts. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 38 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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