Asia Banking Ranking
What are the best IB firms in Asia? I heard that MS is a lot stronger than JPM or MS. Any other banks that are strong in Asia region (HK, SG)?
What are the best IB firms in Asia? I heard that MS is a lot stronger than JPM or MS. Any other banks that are strong in Asia region (HK, SG)?
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Family friend is an MD at the PE arm of an SOE in China (works in HK). He only considered GS and MS to be relevant. Not sure if this can be extrapolated to broader APAC, and its probably not to useful either since each major market (China, Japan, SEA, ANZ, India) all operate quite differently and independantly
Thanks! I heard CS used to be really strong in Asia as well. Did that go away after CS collapse or did UBSat least take some business?
Not sure. Keep in mind Chinese are mega prestige whores
Yes CS used to be very strong but UBS did not take a lot of their business, to my knowledge, at least in IB. A lot of CS's top bankers left to go to buy-side roles instead of going to UBS.
Lol HK ain't china by a long-run. This probably holds true for HK and a certain extent singapore. But def not mainland. If you want control and prestige it's the big 6 state banks. Remember CCP loves slow and controlled growth. Not capital markets activities.
I would say it is very much similar to people's perception in the states: American BB> European BB
GS/ MS/ BofA all have pretty big presence in Asia; European banks are shrinking in size
another pretty big player is HSBC since HK is one of its hub. The Chinese investment banks (CICC. CITIC and more) obviously dominates the Chinese market therefore also doing well there.
EB almost to none? (Moe and HL do some RX here and there but its really hard for them to win big M&A deals
Thank you! This is very helpful.
Agreed. MS probably edges out GS very marginally in HK (strong APAC M&A/HK coverage teams), with BofA etc a good margin away. HSBC very strong in HK with a long history there, though its wins can often more be attributed to balance sheet. UBS stronger in APAC overall (and EMEA) compared to recent US struggles.
Nah HSBC is an actual shitshow save for HK coverage and select few others teams. I've worked there, ignore flair.
Isn't GS essentially no.1 for Asia in terms of deals closed and deal value and all? Last I recall, GS edged out MS for IPOs too?
- Ignore tag, was at HK IBD
UBS IBD Singapore in complete shitshow now post-CS
Definitely did not bring on board the pre-merger CS talent. Bloated both at the top and junior levels, might see future layoffs
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