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UBS and JPMorgan win City 'Oscars'

The top spots at the UK financial industry's equivalent of the Oscars – the Thomson Reuters Extel awards – went to UBS and JPMorgan Chase yesterday.

The Swiss bank, UBS, was named the leading pan-European broker for equity and equity-linked research for the 10th year in a row. Bank of America-Merrill Lynch and UBS's domestic rival, Credit Suisse, were second and third, respectively.

The US investment bank, JPMorgan, was named top fund management firm in the region. Last year's winner, Fidelity International, came second and RCM, Allianz's specialist equities house, was third.

Peter Lawrence, of JPMorgan Asset Management, took the individual award for top buy-side analyst after coming third last year. Andrew Wood, a food sector specialist at Sanford C Bernstein, won the individual award for sell-side analysis for the fourth year running.

Citadel Investment was the top hedge fund. Last year's winner GLG, which is about to merge with Man Group, was third.