The first half of the year saw Credit Suisse leading all competitors in target M&A, with UBS placing third in fees.
Switzerland's two largest banks put in a robust performance in the Asia Pacific excluding Japan investment banking league tables during the first half of the year, according to data released by Refinitiv on Friday.
Credit Suisse managed to top all other competitors in the target mergers and acquisitions league table based on 17 deals, the number of which was up 13 percent from a year earlier and which corresponded to a value of $97.2 million and a market share of 20 percent.
UBS managed to place third in the M&A fees league table, reporting fees of $113.1 million, significantly more than double a year earlier. Its market share was 6.2 percent, and the number of deals was 24, up by exactly half. In the same category, Credit Suisse ranked nine, up from fourteenth a year earlier. It recorded fees of $60.6 million, up by more than half, based on 22 deals.
ECM Also Strong
UBS put in a solid showing in the domicile nation equity capital market (ECM) league tables, although it slipped one rank to seventh. ECM proceeds totalled $3.7 million, down 69 percent from a year earlier.
Credit Suisse for its part made up ten places in the any involvement M&A league table, placing third. The number of deals reported it was involved in was 18 and its market share was 17 percent.
Although that corresponded to a drop of 14 percent, the value of the deals was $97.8 million, a more than four-fold gain.
Overall Trends
Refinitiv indicated that investment banking fees in Asia Pacific excluding Japan were down 9 percent in the first half. Although it was a decline, it was still the second strongest performance since 2000, and just after a record was set a year earlier.
The top ten spots in the overall investment banking fees league table continue to be dominated by Chinese banks. The top spots were unchanged from the same period a year earlier, with CITIC ($882 million) placing first, followed by Bank of China ($862 million).
