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Losing My Position |
Merrill Lynch performance in Asia Pacific IB revenue ranking, 2001 to 2008 |
Year |
Net revenue ($mln) |
Position |
% share |
2001 |
271 |
5 |
6.7 |
2002 |
159 |
8 |
4.1 |
2003 |
207 |
10 |
3.9 |
2004 |
253 |
11 |
3.8 |
2005 |
387 |
8 |
4.9 |
2006 |
411 |
10 |
3.8 |
2007 |
483 |
7 |
4.1 |
2008 |
278 |
11 |
3.2 |
Source: Dealogic |
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Bank of America Merrill Lynch is busy hiring as it looks to regain a reputation as one of the best Asia-Pacific investment banking franchises, a status that Merrill Lynch had earlier in the decade. Having been ranked fifth in 2001 on Dealogic’s league table for core investment banking revenues, with a market share of 6.7%, Merrill Lynch lost some of its focus on investment banking as more profitable activities such as principal investing gained popularity.