Asia bankers not reaping fees from region's M&As
Number of cross-border deals where a financial adviser was credited has fallen, and they are facing the threat of increased competition from boutique firms
Hong Kong
ASIAN investment bankers are watching the region's busiest deal spree on record, with upwards of a half trillion US dollars in acquisitions this year. But they still are not popping the champagne corks.
Cross-border deals accounted for 42 per cent of the region's deal volume till June, the lowest proportion since 2004, according to data compiled by Bloomberg. That is a setback for the bulge-bracket banks that can generate higher fees from these transactions, where their international networks are most valuable.
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