With rivals feeling the heat from falling fees and local competition, one bank excelled at serving both global and local clients, delivering growth capital where it was most needed. For its read of shifting market dynamics and its dominance of equity underwriting, Morgan Stanley is IFR Asia’s Bank of the Year.
If 2016 is any indication, then the world is becoming a lot less predictable. From the shock of Britain’s European Union referendum to the rise of US president-elect Donald Trump, markets were repeatedly caught looking in the wrong direction throughout the year.
When it comes to the capital markets, efforts to predict the future are often a fool’s errand. Those who relied on opinion polls, prediction websites and other, supposedly scientific, measures ahead of key events in 2016 got that message loud and clear.
It wasn’t just in the UK and US...Read more