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Morgan Stanley earns record fees from Asia ex Japan mergers

Last year, Morgan Stanley underwrote US$13 billion of stock sales and rights offerings in the Asia-Pacific region excluding Japan, 84 per cent more than second ranked Deutsche Bank AG.

Hong Kong

MORGAN Stanley's mergers advisory business in Asia outside Japan pulled in record fees last year while the firm gained market share in equities, helping partially shield it from an investment banking contraction that prompted competitors such as Goldman Sachs Group Inc to cut...

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