As the first half of the year draws to an end, Morgan Stanley continues its impressive ride in Latin America’s debt capital markets. At the end of the second quarter, the bank maintained its number one position in the league tables for 2006, according to Dealogic, narrowly preserving its lead over Deutsche Bank and JPMorgan.
The firm is undergoing a renaissance in its emerging markets business, especially in Latin America. Over the past few years, Morgan Stanley was conspicuous by its absence in the region – its name was rarely seen in the top half of the league tables – and rivals were speculating that it might be about to pull out of Latin American debt.
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