Euromoney Recognizes Firm Excellence in Seven Countries
Euromoney's 2005 Awards for Excellence honored Morgan Stanley with nine awards for its operations in seven countries.
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Euromoney's 2005 Awards for Excellence honored Morgan Stanley with nine awards for its operations in seven countries. The awards appeared in the July issue and were selected by the editors from bank submissions. The Firm took home honors including:
- Asia: Best M&A House
- China: Best Debt House
- China: Best M&A House
- Japan: Best M&A House
- Korea: Best M&A House
- Spain: Best M&A House
- UK: Best M&A House
- Germany: Best Equity House
- Czech Republic: Best M&A House
Beyond league table dominance, Morgan Stanley's ease in dealing with complexity caught the editors' attention. Deutsche Postbank's initial public offering and convertible were cited as "an important deal for Germany in the second quarter of 2004, when investors were nervous, and needed clever structuring to make sure that Deutsche Post could hit its price target."
As Euromoney noted, in addition to providing first-tier service for the client, the Firm's excellence in execution served the greater investor community as well. Touting the Sino Forest offering as "a well structured deal that timed the markets just right," the magazine credited Morgan Stanley for single-handedly reviving the Chinese high-yield debt market.
Euromoney also recognized the Firm's success in M&A throughout the international markets. In Asia, the Firm earned top honors for the third year in a row. "As Asia's M&A markets have developed, so has Morgan Stanley's franchise," the magazine reported. In Asia ex-Japan/Australia, the Firm tallied 23 completed deals worth US$17bn and a 30 percent market share. Including Japan and Australia, the dominance continued with 42 deals worth $23.1bn.
That success extended into Europe, as Morgan Stanley took top honors in Spain "because of the sheer size of the transactions it worked on. It advised on 12 completed deals with $23.6 billion." The Firm also led the UK, in part for it role as sole advisor to Abbey National in the largest cross-border banking transaction in Europe and the second largest globally.
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