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
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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.
In a year when Chinese investors were the driving force behind Asian investment banking, one bank captured the trend, mobilising mainland capital for local and global issuers. For its strong performance in both debt and equity capital markets, Bank of China is IFR Asia’s Asian Bank of the Year.
Market conditions were far from benign in 2016, but one group picked its spots carefully, taking advantage of alternative sources of funding when the opportunity arose. For a series of groundbreaking issues across the capital structure, DBS Group is IFR Asia’s Issuer of the Year.