Credit Suisse has surged up the European takeover advisory rankings in 2016, breaking up the dominance of Wall Street firms and emerging as the closest rival for Morgan Stanley’s crown.

While Morgan Stanley tops the advisory charts for European M&A to June 30, up from fourth at the same point in 2015, its Swiss rival stands in second, according to figures from data firm Dealogic - it had been 10th at the halfway point of 2015.