Full ReportFull Report The Anatom of High Performance Performance at the top of the investment ‚anking industr is inherentl volatile and has al­as ‚een soˆ ˜ver the past decade eleven different ‚anks have recorded investment ‚anking revenues that placed them in the top five of the industr‡ ­hich highlights the challenge of sustaining a leading positionˆ The rise and fall of ›ehman Brothers‡ and further ‚ack‡ œre‘el Burnham ›am‚ert and Salomon Brothers‡ further demonstrates this point‡ and interim results for 2”€€ again suggest this volatilit in evidenceˆ Accenture’s High Performance Business These have ‚een scored ‚ased on relative Research programme defines high performance against the peer set‡ and performance as sustained outperformance consolidated to give each ‚ank an overall against peer set across a num‚er of performance scoreˆ These overall scores are financial metricsˆ This programme has plotted against average annual revenues analsed more than †‡””” companies over over the period to map the results and nine ears‡ across all industries‡ to identif identif similar characteristics ‚et­een the differentiating factors that constitute the ‚anksˆ –see figure 2— high performanceˆ As ­ell as reflecting on ‚roader historical Figure 1 trends in the industr‡ ­e have tailored High Performance Metrics for Investment Banking this research for investment ‚anking to conduct detailed financial analsis of recent Profitability 1 year, 3 year Return on allocated Euity performanceˆ For this‡ ­e have assessed the 1 year, 3 year Return on ssets IB unit €• leading ‚anks –selected ‚ased on siŽe 1 year, 3 year ostIncome Ratio and pu‚lic availa‚ilit of data— across si‘ Efficiency 1 year, 3 year Productivity Ratio RevenueHeadcount dimensions profita‚ilit‡ efficienc‡ sta‚ilit‡ gro­th‡ capital strength and riskˆ These 1 year, 3 year ­otal Return to hareholders dimensions provide a ‚alanced vie­ of core tability € year Median ‚utƒerformance Profitability ‚usiness performance‡ assessing the ‚anks € year Median ‚utƒerformance Efficiency € year Median ‚utƒerformance Revenue „ro…th through the lens of their shareholdersˆ ˜ur analsis covers the last three Revenue „ro…th 1 year, † year „R full financial ears‡ revie­ing ™ust the „ro…th onsensus nalyst ‚utlook 3 year average investment ‚anking unit in the case of omƒetitive Market Ranking 1 year universal ‚anksˆ This period has ‚een an ore ­ier 1 aƒital Ratio 3 year average e‘traordinar time for the industr – from aƒital trength ‡everage Ratio 3 year average crisis to recover to tur‚ulence again – ‚ut ‡iuidity Ratio 3 year average the a‚ilit to deal ­ith adversit provides telling performance lessonsˆ šach dimension ˆaR annual average, 3 year ƒeriod has ‚een eŒuall ­eighted and has ‚een Risk ˆaR ˆolatility annual, 3 year ƒeriod assessed through a num‚er of industr 1 year, 3 year Risk‰Šeighting specific financial metricsˆ –see figure €— Source Accenture Research 