Credit Suisse jumps up the ranks in announced M&A deals in the first nine months of the year, while UBS improves its equity ranking.
Switzerland's two largest banks managed to improve their ranks in the Asia Pacific investment bank league tables (excluding Japan) in the first nine months of the year, although overall activity continued to be dominated by major Chinese institutions, according to data released on Monday by Refinitiv.
Credit Suisse placed sixth in the announced any Asia Pacific M&A category with a market share of 10.7 percent, up from 25th a year earlier.
UBS gained two places to rank fifth in equity and equity-related deals with a market share of 3.6 percent.
Market Leaders
The overall market declined, with regional investment banking fees down 11 percent, M&A down 34 percent, and ECM proceeds falling 43 percent. DCM proceeds rose by 3 percent.
Large China-based institutions continued to take the lion's share of the market, taking all top ten ranks for regional investment banking fees and bond issuance, with Citic placing first in both categories.
