League table position can be bought and large deals do not necessarily mean effective or well-executed deals. The Banker has always tried to temper the claims of the biggest and best with the more laudable qualities of client service and innovation.
Now we have decided to follow through and concentrate only on innovation as our principle benchmark for the awards. And since innovation is not the preserve of the bulge bracket this means that all investment banks – as well as banks with investment banking divisions – can compete equally.
