The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards for Excellence

The world’s best bank for financial institutions 2021: Morgan Stanley

Strength in equity capital markets and M&A, as well as a close relationship with the bank’s tech team, has created a winning formula this year.


The world seemed like a very uncertain place for financial institutions in April last year. Corporate borrowers were drawing down credit lines in unprecedented volumes. Insurers faced Covid-19 losses of tens of billions of dollars, perhaps more.

The subsequent desire by some clients to bolster their capital played to Morgan Stanley’s equity capital markets strength. In those early days of the pandemic, in May 2020, a $13.3 billion secondary follow-on offering of PNC’s stake in BlackRock bolstered the lender’s balance sheet and gave PNC more firepower to take advantage of strategic acquisition opportunities. Morgan Stanley was lead-left bookrunner and stabilization agent.

The firm was also lead-left bookrunner and stabilization agent in a $1 billion follow-on offering for Renaissance Re. With the market reacting positively to Renaissance Re’s offering, UK insurer Lancashire came out a few days later with a £277 million primary accelerated bookbuild offering. Morgan Stanley was sole global coordinator on that deal.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree