One author, Nisha Gopalan, believes that investment banking especially in Asai will not be very active for 2017. You can read the full article here.
Gopalan goes on to explain that
With China clamping down on mainland firms doing deals offshore, 2017 probably won’t be a big year for M&A, or investment banking in general for that matter. But a rebound in markets could spell the return of equities as a significant revenue driver, as was the case in the lead up to June 2015, before stocks in China crashed..
What do you guys believe the outlook for investment banking, in Asia and worldwide, is this year?
Future of Investment Banking in Asia (Originally Posted: 11/17/2016)
Hi Monkeys in Asia,
It seems like the outlook for Investment banking is pretty gloomy in Asia with news of Investment banking going on a downward spiral (https://sg.finance.yahoo.com/news/investment-banking-activity-singapore…</a">source) and Goldman sachs looking to shrink their ex-japan Investment Banking headcount by 30%
What do you guys think is the outlook for Asia's Investment banking scene. Apparently it's normal to see over https://www.ft.com/content/74dd9998-a7f5-11e6-8b69-02899e8bd9d1</a">20+ banks in a single equity capital raise?
I personally feel(and hope) that these measures are just side-effects of slowing growth in Asia. But only time can really tell how this will play out, hopefully the market corrects (assuming that it really is oversaturated right now) itself soon.
As someone who's currently in the recruiting process exclusively in Asia this is depressing... Lol.
I feel you, but I guess this is just the nature of the job. I read that Barclays is expanding pretty rigorously though iirc. So it's not all bleak. Hopefully something good comes along your way, all the best!
Read that HSBC was looking to relocate HQ to Asia from London.
Understandably because of Brexit...Probably gonna head for Hong Kong then But won't that just add on to saturation to the market in Asia?
I would highly suggest going for Lev Fin if you want to focus in Asia. A good market has yet to be developed there, and think about things intuitively - companies there (and everywhere, really) are overlevered. It's a matter of time before someone develops the market & it starts booming, like it did with Milken back in the 80's.
it is common to have dozen of banks on an ipo in asia because everyone wanted to get league table credits some are doing free services just to get the credits in general the sponsors (underwriting the ipo) and bookrunners which can sell a lot of shares take the huge chunk of revenues the landscape is changing as chinese firms are doing similar services at much lower costs (and they have a good selling network as well) so things are not doing so well in asia
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