Emerging Markets Best M&A house: Morgan Stanley

Euromoney Awards for Excellence 2006Emerging markets Best bank I Emerging Markets Best investment bank I Emerging Markets Best debt house I Emerging Markets Best equity house I Emerging Markets Best M&A house

When John Mack became CEO of Morgan Stanley a year ago one of the areas that he singled out for special attention was the emerging markets. His staff appears to have picked up on the message. The bank’s equity business in the developing world is thriving, while its debt franchise in Asia and Latin America is hitting the upper echelons of the league tables after a few years in the wilderness. However, the area where Morgan Stanley really stands out in the emerging markets is M&A.

It might not be the best M&A house in each region, but over the past 18 months the US bank has demonstrated its ability to advise on a range of deals in a number of countries. This is no mean feat, as competition is tough in the M&A world. Banks such as Goldman Sachs and Citigroup and, to a lesser extent, UBS and Credit Suisse have all executed landmark transactions.