Asia’s bankers stay busy in a meltdown

Lawrence White

December 03, 2008

The global financial crisis has taken hold in the region, leading to a drastic slowdown in traditional capital-raising. With job cuts expected soon, investment bankers are working hard to meet nervous clients’ needs and perhaps simultaneously save their own jobs. Lawrence White reports.

Open for business: who’s still printing deals in Asia?
Asia-Pacific (ex Japan) core investment banking bank revenue ranking, Q3 2008
Pos.	Bank	Net revenue ($mln)	% share
1	Macquarie Group	74	8.3
2	Deutsche Bank	73	8.1
3	Goldman Sachs	66	7.3
4	JPMorgan	53	5.9
5	Merrill Lynch	53	5.9
6	UBS	52	5.8
7	Morgan Stanley	41	4.5
8	Credit Suisse	34	3.8
9	Citi	31	3.5
10	Nomura	25	2.8
	Total	901	100
Asia-Pacific (ex Japan) core investment banking bank revenue ranking, Q4 2008 (to Nov 17)
Pos.	Bank	Net revenue ($mln)	% share
1	UBS	45	12.6
2	JPMorgan	34	9.6
3	Credit Suisse	25	7.2