New broom sweeps into the Middle East

Sovereign wealth funds, once banks’ best clients, are hiring their own talent to do deals as the Middle East’s investment banking landscape takes on a more local flavour, writes David Rothnie.

  • 24 Aug 2012

When George Makhoul stepped down as head of Morgan Stanley’s Middle East business in 2009, the region’s best-connected rainmaker warned that the boom years had gone — and with them the chance for western banks to make fat fees from investment banking.

Since his departure most foreign banks have ...

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All International Bonds

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3 Bank of America Merrill Lynch 285,088.11 991 7.99%
4 Goldman Sachs 217,749.25 714 6.10%
5 Barclays 209,291.80 811 5.87%

Bookrunners of All Syndicated Loans EMEA

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1 HSBC 32,320.82 147 6.67%
2 Deutsche Bank 32,259.50 104 6.66%
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4 BNP Paribas 25,663.29 144 5.30%
5 Credit Agricole CIB 22,617.86 130 4.67%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 18,160.85 71 9.15%
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4 Citi 14,014.57 86 7.06%
5 Goldman Sachs 12,113.98 67 6.10%