"This is an outstanding achievement as well as a team effort: research, sales and trading working together. We'd like to thank everyone who has contributed to this ranking in the form of their devotion and hard work," says Nicklas Fhärm, head of research for SEB in Sweden.
"While competition is ramping up, we have also put a lot of heart and spirit into improving our research product offering over the past year. We are proud of the results."