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.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Joint venture success arouses envy

A joint venture that can only be described as a success, Nikko Salomon Smith Barney is a rare creature, and other banks in Japan are green with envy.

Nikko Salomon Smith Barney is a rare creature. It's a joint venture that can only be described as a success. And it has the other banks in Japan green with envy. In equity underwriting it's at the top of the pile, and it's also moving up the tables in the M&A business. Thomson's league table for advisers for Japan places it fourth, behind the usual suspects of Goldman Sachs, Merrill Lynch and Morgan Stanley Dean Witter. Morgan Stanley is now looking over its shoulder because in 2000, Nikko Salomon Smith Barney was only $500,000 behind. And it was involved in more transactions: 23 compared with MSDW's 18.


In both the equity capital markets and the M&A side, the Japanese name Nikko has undoubtedly brought benefits. "The Nikko relationship has helped absolutely," says David Hatt, managing director in charge of equity capital markets.


Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

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