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

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 417,651.57 1605 9.04%
2 JPMorgan 380,255.75 1735 8.23%
3 Bank of America Merrill Lynch 360,270.83 1308 7.80%
4 Goldman Sachs 268,034.61 924 5.80%
5 Barclays 267,242.43 1081 5.79%

Bookrunners of All Syndicated Loans EMEA

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1 HSBC 45,314.03 193 6.64%
2 Deutsche Bank 37,536.19 138 5.50%
3 BNP Paribas 36,532.54 211 5.36%
4 JPMorgan 34,490.59 115 5.06%
5 Bank of America Merrill Lynch 33,700.87 110 4.94%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 22,398.41 104 8.66%
2 Morgan Stanley 19,092.40 102 7.38%
3 Citi 17,812.08 111 6.89%
4 UBS 17,693.89 71 6.84%
5 Goldman Sachs 17,256.05 98 6.67%