Asia’s bankers stay busy in a meltdown

The global financial crisis has taken hold in the region, leading to a drastic slowdown in traditional capital-raising. With job cuts expected soon, investment bankers are working hard to meet nervous clients’ needs and perhaps simultaneously save their own jobs. Lawrence White reports.

Open for business: who’s still printing deals in Asia?
Asia-Pacific (ex Japan) core investment banking bank revenue ranking, Q3 2008
Pos. Bank Net revenue ($mln) % share
1 Macquarie Group 74 8.3
2 Deutsche Bank 73 8.1
3 Goldman Sachs 66 7.3
4 JPMorgan 53 5.9
5 Merrill Lynch 53 5.9
6 UBS 52 5.8
7 Morgan Stanley 41 4.5
8 Credit Suisse 34 3.8
9 Citi 31 3.5
10 Nomura 25 2.8
Total 901 100
Asia-Pacific (ex Japan) core investment banking bank revenue ranking, Q4 2008 (to Nov 17)
Pos. Bank Net revenue ($mln) % share
1 UBS 45 12.6
2 JPMorgan 34 9.6
3 Credit Suisse 25 7.2
4 Citi 24 6.8
5 Merrill Lynch 23 6.3
6 Macquarie Group 20 5.6
7 Goldman Sachs 16 4.6
8 Morgan Stanley 15 4.1
9 RBS 9 2.7
10 CICC 9 2.5
Total 355 100
Source: Dealogic

UNCERTAINTY RULES IN Asia. “I have views but no confidence in their veracity,” begins a banker in his Hong Kong office when asked for his take on how the next 12 months might play out in the region.

Thanks for your interest in Euromoney!

To unlock this article: