UBS, Fidelity top Thomson Reuters Extel Asia survey

HONG KONG, Nov 25 (Reuters) - Swiss bank UBS AG (UBSN.VX) and mutual fund giant Fidelity International each took top honours for a third consecutive year in the Thomson Reuters Extel Asia/Pacific Survey released on Tuesday.

UBS was named "Leading Asian Brokerage House" in the survey of more than 230 buy-side firms, which ran from September 1 to November 12. The award comes after a year in which its disastrous foray into the U.S. subprime credit markets forced UBS to take more writedowns than any other bank in Europe.

JPMorgan Chase & Co (JPM.N) was the runner-up in the category, followed by Goldman Sachs Group Inc. (GS.N).

JPMorgan banking analyst Sunil Garg was named the leading Asian equity analyst, followed by Jody Santiago of UBS and Roy Ramos of Goldman Sachs.

More than two thirds of survey respondents said they found sell-side industry sector research "very valuable" and about 60 percent felt the same way about company reports.

But less than 30 percent felt stock recommendations by sell-side analysts were "very valuable".

In a survey of more than 50 brokerage and research houses and 170 listed Asia companies, Fidelity International, an affiliate of the world's largest mutual fund company, was named "Leading Asian Fund Management Firm".

Capital International, which like Fidelity is closely held, took second place, followed by Britain's Schroders Plc (SDR.L).

Fidelity's Dhananjay Phadnis was named "Leading Asian Buyside Analyst", followed by Chapman Taylor of Capital and Tien Xuan Doe at Government of Singapore Investment Corp, one of world's largest sovereign wealth funds.

The survey also named Australian stock exchange operator ASX Ltd (ASX.AX) as the "Best Quoted Company for Investor Relations", followed by Singapore Telecommunications Ltd (STEL.SI) and HSBC Holdings Plc (HSBA.L).

Thomson Reuters Extel Surveys and Reuters News are divisions of Thomson Reuters Corp TRIL.L (TRI.TO). (Reporting by Jeffrey Hodgson; Editing by Chris Wickham)