For the first time since 2014, the award for Asia’s best investment bank goes to Goldman Sachs.
It was a tight decision. Goldman held a slight edge in equity capital markets, Morgan Stanley in advisory. Goldman was stronger in China, Morgan in India; Goldman in Australia, Morgan in Japan.
ECM and China ultimately tipped the balance Goldman’s way. All capital raising and advisory was important during this most stressful of years, but generally it was equity raisings that saved companies or moved them into positions of leadership.
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