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
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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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