UBS is at the top of Greenwich Associates’ 2008 equity brokerage rankings for Latin America, followed by Merrill Lynch, who hired a team of nine for the region in March.

Consultancy Greenwich Associates said in a report: "When it comes to service quality, UBS is well ahead of the pack in Latin America. Merrill Lynch has made steady progress in terms of scores, and now ranks a solid number two in terms of coverage quality, followed by a tier of five or six brokers active in the region."