Morgan Stanley tops M&A financial advisers ranking
Morgan Stanley has topped the rankings of the top ten M&A financial advisers in information and communications technology (ICT) for Q2 2018, according to data analytics company GlobalData.
The bank advised on 23 deals worth $118.4 billion and was followed by Goldman Sachs, which advised on 19 deals worth $98.1 billion.
Credit Suisse was the only European player in the top five, with all other advisers in the ranking being US banks.
However, Japanese banks Mizuho Financial and Sumitomo Mitsui Financial were the two Asian players in the top ten.
According to GlobalData, Morgan Stanley advised on all the three highest-value deals in the industry – T-Mobile US’s acquisition of Sprint for $59 billion, Vodafone’s $22 billion acquisition of Unitymedia from Liberty Global, and Bharti Infratel’s proposed $10.7 billion merger with Indus Towers.
The total global ICT deals market had seen a growth trajectory in both value and volume and recorded in Q2 2018 a leap of 118.6 per cent in value, reaching $157.4 billion, against $72 billion in Q2 2017.
The top three players in the ICT of M&A financial advisers held the same ranking in the global M&A league table of top 20 financial advisers, GlobalData said.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.