While rivals struggle to squeeze more value out of their existing platforms, one bank has increased its share of Asian investment banking despite a radical restructuring. For proving it can do more with less, UBS is IFR Asia’s Bank of the Year.
World of possibilities
After another debt-dominated year, Asia has now surely shrugged off its reputation of being an equity-focused region. Any arranger or portfolio manager waiting for stock offerings to rebound to their 2010 levels – or even to pre-crisis highs – was in for a frustrating year. While 2012 proved a one-way bet for bonds, however, the picture at the end of 2013 is far more complex.
Low US interest rates and easy-money policies in the world’s three biggest economies drove bond issues to another record over the last year, but a...Read more