Emerging Europe

Energy sector to lead the way; Increase in ratings enquiries

Equity cure to indebtedness ills; Holding company looking to list subsidiaries

Interest rates derivatives survey 2010:

Although the firm remains best known for its work in Europe, Rothschild’s advisory and deal-making business in emerging markets is making rapid progress. Sudip Roy reports.

The new president has been ruffling feathers at home while making friends and influencing people abroad – boosting his country’s international standing as a result. Guy Norton reports from Zagreb.

Improved capitalization set to be credit positive; Related-party lending still a major risk

An onerous tax on banks proposed by the Hungarian government can only further damage an already weakened economy.

While second-tier and third-tier European banks struggle to access the international bond markets, one of Turkey’s leading lenders has shown the way ahead with a landmark deal.

Russian bank IIB’s default on a Eurobond pinpoints the Russian state’s power to make or break businesses.

Plan for global gold firm in jeopardy; Kazakh authorities seek greater control over oil assets

Limited liquidity sees block trade commissions rise; Ceemea block trading offers bright spot

Clients voted with their money in favour of the US bank as service and creditworthiness became key post-crisis selling points.

Building a global emerging markets M&A business is not easy. But Goldman’s roster of mandates shows its new local bank/global network strategy is reaping rewards.

Improved sentiment creates international market access; Sovereign eyes long-term bond issue

Speaking with Ken Moelis makes you want to be an investment banker. That’s a rarity these days. A glance at the number of college graduates who want to get into the industry says it all: only 10% of Wharton graduates want to go into investment banking. Says Moelis: "Investment banking used to be a great job. Investment bankers used to form lifetime relationships with clients and companies. They were considered as friends and were trusted by clients."

The ‘world’s local bank’ is reaping the benefits of its emerging markets-led, financing-focused strategy.

The firm’s experience allows it to develop the best new products and execute the most impressive deals.

For its sheer consistency across all emerging regions, in both G3 and local currencies, and the quality of its execution, HSBC has had a standout year.

Emerging markets are central to Credit Suisse’s investment banking strategy. That commitment is helping it to win business across regions and products.

Once the leading structured credit business, Deutsche has repositioned itself to be at the forefront of a new era of standardization, transparency and liquidity.

Experience in dealing with its own distressed assets turned a weakness into strength as Deutsche helped clients reduce risk and free up liquidity, while cultivating a new investor base.

After a difficult 2009, the leading transaction service provider is back winning mandates and showing that its global network is hard to compete with.

When the going gets tough, the tough get going – to an innovator that combines an ability to anticipate regulatory changes with the knack of reacting swiftly to movement in market sentiment.

The past year has been extremely volatile in central and eastern European markets, with sentiment ebbing and flowing dramatically, testing the mettle of all the banks in the regions. The past few months have begun to provide some welcome clarity, however, with the economic downturn in the region generally proving to have been sharp but short-lived. As a result most market players are now seeking to reap the long-term rewards of central and eastern Europe’s economic potential as a low-cost, high-quality base for manufacturers and service providers looking to serve western European and Asian markets.

The US bank’s ability to originate and support deals in the secondary market means it is a cut above the rest.

The bank has gone out looking for new ideas for its clients; that, together with its global reach, makes it a winner during a challenging period for leading wealth managers.

The investment bank of the year has performed strongly where you’d expect it to – in flow, debt and derivatives – and surprised many with its advances in M&A and corporate finance.

Europe’s third-largest hedge fund manager has made the most of an attractive environment for discretionary trading strategies, especially in fixed income.

It has the biggest market share for good reasons: exemplary market intelligence and confidence-boosting capital.