2014

World's Best Investment Banks 2014

ANNUAL AWARDS: HIGH-OCTANE YEAR

Global investment banks will face a tremendous challenge as they strive to continue running their underwriting businesses at the elevated levels they reached in 2013.

Many of the largest banks on Wall Street reaped a windfall ...

2013

Cover Story: World’s Best Banks 2013

TECHNOLOGY IS THE TRUMP CARD By Jonathan Gregson, Antonio Guerrero, Anita Hawser, Gordon Platt and Michael Shari Global Finance unveils its annual list of the best banks globally, regionally and by country. The winners have all demonstrated dedication to satisfying ...

Best Investment Banks 2013: Sector Winners

SECTOR WINNERS


By Michael Shari

SECTOR WINNERS
Consumer Citi
Financial Institutions Citi
Healthcare Piper Jaffray
Industrials/Chemicals Jefferies
Infrastructure China Construction Bank Corp
Media/Entertainment J.P. Morgan
Metals & Mining BMO Capital Markets
Oil & Gas Goldman Sachs
Power Morgan Stanley ...

Best Investment Banks 2013: Country Winners

COUNTRY WINNERS


By Michael Shari

COUNTRY WINNERS
NORTH AMERICA
Canada BMO Capital Markets
US J.P. Morgan
LATIN AMERICA
Argentina Banco de Galicia y Buenos Aires
Brazil Itaú BBA
Chile Banco de Chile
Colombia Bancolombia
Mexico Santander Mexico
EUROPE
Austria ...

Best Investment Banks 2013: Global Winners

GLOBAL WINNERS

By Michael Shari

GLOBAL WINNERS
Best Investment Bank J.P. Morgan
Best in Emerging Markets Bank of America Merrill Lynch
Best in Frontier Markets Qatar National Bank
Best Equity Bank Morgan Stanley
Best Debt Bank Bank of America ...

Best Investment Banks 2013: Deals of the Year

DEALS OF THE YEAE


By Michael Shari

DEALS OF THE YEAR
Best Equity Deal

US Treasury/American International Group (AIG) $20.7 billion follow-on offering, September 2012.

Bookrunners

Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Bank of America Merrill ...

Best Investment Banks 2013: Best Legal Advisers

BEST LEGAL ADVISERS


By Michael Shari

BEST LEGAL ADVISERS
Global

Skadden Arps Slate Meagher & Flom

North America Cleary Gottlieb Steen & Hamilton
Latin America

Skadden Arps Slate Meagher & Flom

Western Europe Freshfields
CEE Cleary Gottlieb Steen & Hamilton
Asia-Pacific Nagashima Ohno & Tsunematsu ...

Best Investment Banks 2013: Regional Winners

REGIONAL WINNERS


By Michael Shari

REGIONAL WINNERS
NORTH AMERICA
Best Investment Bank J.P. Morgan
Best Equity Bank Morgan Stanley
Best Debt Bank J.P. Morgan
Best M&A Bank Goldman Sachs
LATIN AMERICA
Best Investment Bank Itaú BBA
Best ...

Awards: Best Investment Banks 2013

A SECTOR IN TRANSITION

By Michael Shari

Global investment banks spent the past year adjusting to the new reality of highly regulated markets and below-historical rates of return.


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Last year was one of evolution for the world’s investment banks ...

Sector Report: Commodities

WILD SEASON


By Michael Shari


Volatile commodities prices are poised to drive an M&A wave and are already changing how companies hedge against price swings.

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A storm is brewing in the global commodities markets. Perceptions of global risk are ...

2012

The Growth Of International Remittances

BANKS FOLLOW THE MIGRANT MONEY TRAIL

By Michael Shari

Banks in emerging markets are building a lucrative business on remittances sent home by workers in developed nations.

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Alberto Raúl Guerra Rodríguez has had his hands full for the past five ...

Words Of Wisdom: Yoshio Nakamura, Keidanren

BREAKING BARRIERS

By Michael Shari

Yoshio Nakamura is the director general of Nippon Keidanren, the Japan Industry Federation—the main voice representing large industry in the country.

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Global Finance: What developments have most shaped Japan’s economy over the past ...

Cover: Will Japan Regain Its Greatness?

WILL JAPAN REGAIN ITS GREATNESS?

By Michael Shari

Business is trying to resurrect Asia's economic miracle a year and a half after the Tohoku tragedy.

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Tokyo is enjoying a long-deserved renaissance. Young professionals are converging from all across the ...

Cover: Global Impact Of US Energy Boom

THE NEW OIL RUSH

By Michael Shari


As the US inches closer to its elusive goal of energy independence, the economic ripple effect promises to leave no region or industry of the world untouched.

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Few would argue the logic behind ...

Salon: Alisher Ali, Mongolian Growth

ASIA’S EL DORADO

By Michael Shari

Global Finance sat down with Alisher Ali, founder of the largest investment bank and asset management firm in Mongolia, to get his take on the world’s fastest-growing economy.

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Educated at Columbia and ...

Best Investment Banks 2012: Regional Awards

By Michael Shari

REGIONAL AWARDS - NORTH AMERICA

BEST INVESTMENT BANK

Goldman Sachs

Goldman Sachs has built what KBW’s Cannon calls “the powerhouse brand” on Wall Street by constantly structuring complex deals that combine its three core businesses—equity, debt ...

Best Investment Banks 2012: Global Awards

By Michael Shari

GLOBAL AWARDS

BEST INVESTMENT BANK

Goldman Sachs

In a year when success in investment banking was defined by survival, Goldman Sachs gained market share by devising extraordinarily creative solutions for its clients in raising capital across asset ...

Best Investment Banks 2012: Country Awards

By Michael Shari

COUNTRY AWARDS - NORTH AMERICA

CANADA

BMO Capital Markets

Thanks to its strength in mining and energy, BMO Capital Markets commanded a 20.1% share of Canada’s M&A market last year. That was more than any ...

Cover: Politics And Sovereign Ratings

POLITICS AND THE SOVEREIGN RATING

By Michael Shari

The debate rages on as to whether recent sovereign downgrades were politically motivated, or whether the ratings agencies were simply slow to act on decisions made long before. Stakeholders worldwide are calling ...

Best Investment Banks 2012: Sector Awards

By Michael Shari

SECTOR AWARDS

CONSUMER

Citi

Despite the fact that Citigroup’s overall market share was flat last year, it was the lead bookrunner of the largest equity capital market deal in the consumer sector by far. Citi raised ...

Best Investment Banks 2012: Legal Advisers

By Michael Shari

LEGAL ADVISERS

GLOBAL

Simpson Thacher & Bartlett

Advising companies on 154 M&A deals worth $294.5 billion, Simpson was ranked number one by Thomson Reuters in 2011. It advised Petrohawk Energy on its $15.1 billion sale ...

Awards: Best Investment Banks 2012

ANNUAL SURVEY AND AWARDS— REDEFINING SUCCESS

By Michael Shari

Global investment banks and strong local banks make the list in our annual awards.

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For an investment bank, success has long been defined as staying true to one’s brand. In ...

Best Investment Banks 2012: Deals Of The Year

By Michael Shari

DEALS OF THE YEAR

BEST EQUITY DEAL

Glencore International $10.1 billion IPO

Lead Manager: Citi

Global Bookrunners: Credit Suisse, Morgan Stanley, Bank of America Merrill Lynch, BNP Paribas

In Europe’s largest IPO since 1999, Glencore ...

Country Report: Morocco

TURNING POINT

By Michael Shari

One of Africa's most vibrant economies is in the midst of a high-stakes political transition that will determine whether it continues on a path of reform or contends with the type of backlash that ...

Mezouar Takes His Post As Opposition Leader

NEWSMAKERS: MOROCCO

By Michael Shari

Minister until recently in the reigning government's cabinet in Morocco, Salaheddine Mezouar is now the official leader of the opposition party in the country's parliament.

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Making his vote count: As opposition leader, Mezouar ...

Investment Banking In Asia

ASIA'S BANKS ON THE WAY UP

By Michael Shari

Asian investment banks are starting to edge out their top-ranking American and European competitors as global investors take risk off the table in Asia.

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China International Capital Corp may not ...

Protests Rock Nigeria After Gas Subsidies Are Pulled

MILESTONES: NIGERIA

By Michael Shari

The government of Nigeria took a calculated political risk when it removed gasoline subsidies on January 1.

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Paying at the pump: Nigeria ends gasoline subsidies

The sudden move more than doubled local prices at the ...

Sector Report: Commodities

COMMODITIES TEST THE BORDERS OF INTERNATIONAL FINANCE

By Michael Shari

Commodity producers are turning to specialized banks that are willing to take multiple layers of risk in private deals.

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Great ideas are born at times like these. Prices for all ...

2011

Best Derivatives Providers 2011

ANNUAL SURVEY AND AWARDS

By Michael Shari

Counterparty risk trumps pricing as criteria for picking derivative providers. Wall Street is retaking market share from European rivals

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Never underestimate the sleight of hand with which the fast-paced derivatives industry can change ...

Sector Report: Mining

GO WITH GOLD

By Michael Shari

Runaway gold prices are empowering mining companies to finance themselves—and forcing banks to innovate, providing opportunities for investors that are willing to take on more complex risk.

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Kinross Gold has sworn off the ...

Country Report: India

INNER GAZE

By Michael Shari

Global food and fuel inflation, undeveloped infrastructure and a correction in emerging markets are leading India to look inward.

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It’s not easy to keep a straight face in response to a banker’s complaints ...

Lagarde Prepares To Put Her Stamp On The IMF

NEWSMAKERS: GLOBAL

By Michael Shari

Not since the reconstruction of Western Europe in the aftermath of World War II has an incoming managing director of the International Monetary Fund come under such tremendous pressure to prove that it is still ...

Preparing For Basel III

COVER STORY: MISSING PIECES

By Michael Shari

Corporations are adding up the costs—and looking at alternatives to increasingly expensive banking services.

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It would be hard to find a multinational corporation with a firmer grip on the intricacies of global ...

Dim Sum Best Served At Low Rates

COVER STORY — RENMINBI RISING

By Michael Shari

Multinationals are positioning themselves to capture lucrative gains from the internationalization of China’s currency.

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When McDonald’s became the first non-Chinese corporation that was allowed to issue a bond denominated in yuan ...

Asia’s Banks On The Fast Track

FOCUS: INVESTMENT BANKING IN ASIA

By Michael Shari

Asia’s big banks are elbowing out their Western rivals as demand for financial services skyrockets in the region—and beyond.

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One of the great ironies lost in the panic of the ...

Reviving East Asia's Economic Miracle

COVER STORY: JAPAN

By Michael Shari

Although it inflicted unspeakable horrors upon an aging, hard-working population, Japan’s recent earthquake is breathing new life into a deflationary economy.


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The symbolism was lost on no one when the Japanese started using ...

Going Under

COVER STORY: THE NEW OIL SHOCK

By Michael Shari

Triggered by street battles in OPEC member states and exacerbated by news of radiation leaking from Japanese nuclear reactors, the oil shock threatens to derail the world’s economic recovery.

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As ...