Investment banking: Australia is the fly in Morgan Stanley’s ointment

Threatens UBS dominance in core IB revenue; Still lags competitors in Australia

Morgan Stanley is leading its investment banking peers in Asia excluding Japan and Australia as the year ends, despite the loss of several senior bankers at the end of 2009 and the beginning of 2010.

Bolstered by its global coordinator role in both of the year’s $20 billion-plus IPOs, those of Agricultural Bank of China and AIA, the US-investment bank has (alongside perennial rival Goldman Sachs) managed a leading performance in the region’s most important product, equities.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access