Asia's best investment bank 2019: Morgan Stanley
Awards for Excellence 2019
Morgan Stanley has the most balanced investment banking operation in Asia, both geographically and by product. Across M&A, equity and debt capital markets, from Japan via China to southeast Asia, Korea and Australia, the bank is reliably high quality.
ECM displayed its strength to greatest effect during our review period, as it usually does. It was on the headline China megadeals – China Tower, Xiaomi, Meituan-Dianping, Pinduoduo, Nio – but also found the biggest deals in southeast Asia to be on, including Sea Ltd’s $1.6 billion follow-on, the Vietnam IPOs (or their local equivalent) of Vinhomes and Techcombank, and a follow-on for San Miguel Food & Beverage.
Australia delivered $5 billion of follow-ons for Transurban and almost $2 billion for Woodside Petroleum in two deals apiece, while in India the bank handled deals for HDFC Bank, Tata Consultancy Services, Kotak Mahindra and Axis Bank.
In M&A, it ran a very close second to Goldman Sachs, handling some of the biggest deals in the region, among them the Shire/Takeda Pharmaceutical deal, EDP/China Three Gorges and Petrohawk Energy/BP America Production.