|
| Losing My Position |
| Merrill Lynch performance in Asia Pacific IB revenue ranking, 2001 to 2008 |
| Year |
Net revenue ($mln) |
Position |
% share |
| 2001 |
271 |
5 |
6.7 |
| 2002 |
159 |
8 |
4.1 |
| 2003 |
207 |
10 |
3.9 |
| 2004 |
253 |
11 |
3.8 |
| 2005 |
387 |
8 |
4.9 |
| 2006 |
411 |
10 |
3.8 |
| 2007 |
483 |
7 |
4.1 |
| 2008 |
278 |
11 |
3.2 |
| Source: Dealogic | |
Bank of America Merrill Lynch is busy hiring as it looks to regain a reputation as one of the best Asia-Pacific investment banking franchises, a status that Merrill Lynch had earlier in the decade. Having been ranked fifth in 2001 on Dealogic’s league table for core investment banking revenues, with a market share of 6.7%, Merrill Lynch lost some of its focus on investment banking as more profitable activities such as principal investing gained popularity.
By 2008 the firm had slipped to 11th place on...
