Citigroup and Barclays ended 2012 as the top advisers to companies in the US equity capital markets, with both banks shrugging off the departure of a chief executive to maintain momentum in the second half of the year.

Citi jumped from fifth to first in Dealogic's US ECM bookrunner rankings for the full-year 2012. This marked a return to the summit for a bank that regularly held a top-three position prior to its crisis bailout by the US government in 2008. Citi ended the year with a 12.2% market share, having advised on deals worth $30.3bn.