Corporates have voted Morgan Stanley the best bank for equity transactions and Schroder Salomon Smith Barney (SSSB) the best for corporate debt in the Reuters/Institutional Investor survey for European equities 2003.

Morgan Stanley leapt from fourth to first place, replacing Goldman Sachs, which slid from number one to number four. Morgan Stanley captured 15.4% of the votes, ahead of UBS Warburg with 12.6%. Merrill Lynch was in third place with 10.9%.