The U.K. firm was nominated by U.S. end users for its ability to structure bespoke investment products. Rivals noted it has also made considerable investment in hiring this year.
End users said the German house is a top firm for plain vanilla trading and an innovator in structured products. It was also credited for its work on standardizing documentation for credit-default swaps on ABS.
Goldman landed nominations for strength in CDS on ABS, both structuring and trading. The firm is also seen as a strong credit correlation trading house.
Several buysiders noted departures from JPMorgan have hit the firm's coverage this year, but it remains a strong player. JPMorgan's willingness to make markets in its bespoke tranches is a key strength, they said.
Quality research and the strength of its index tranche-trading business landed Morgan Stanley numerous plaudits. "In terms of index products, they are number one," said one buysider.
