Morgan Stanley and Ernst & Young (EY) have emerged as the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific region during the first half (H1) of 2020 and during the COVID-19 pandemic, based on deal value and volume, respectively, according to GlobalData, a leading data and analytics company.
Morgan Stanley advised on 24 deals worth US$25.3bn, which was the highest among all the advisers. JP Morgan occupied the second position by value with 14 deals worth US$24.4bn, followed by Deloitte with 13 deals worth US$16.5bn.
Ernst & Young led in volume terms having advised on 32 deals worth US$2.7bn during H1. Morgan Stanley occupied the second position by volume, followed by Nomura with 22 deals worth US$9.6bn, according to GlobalData.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Morgan Stanley, apart from leading in value terms, also fared well in volume terms. In contrast, Ernst & Young, despite leading in volume terms, failed to make it to the list of top 10 advisors by value due to its involvement mostly in low-value transactions.
“Interestingly, advisers such as Quant Group and ANZ also featured in the list of top 10 advisors by value, despite advising on one deal each.”
Morgan Stanley and EY top financial advisers in Asia-Pacific during H1 2020, finds GlobalData
Morgan Stanley and Ernst & Young (EY) have emerged as the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific region during the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData, a leading data and analytics company.
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Morgan Stanley advised on 24 deals worth US$25.3bn, which was the highest among all the advisers. JP Morgan occupied the second position by value with 14 deals worth US$24.4bn, followed by Deloitte with 13 deals worth US$16.5bn.
Ernst & Young led in volume terms having advised on 32 deals worth US$2.7bn during H1. Morgan Stanley occupied the second position by volume, followed by Nomura with 22 deals worth US$9.6bn, according to GlobalData.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Morgan Stanley, apart from leading in value terms, also fared well in volume terms. In contrast, Ernst & Young, despite leading in volume terms, failed to make it to the list of top 10 advisors by value due to its involvement mostly in low-value transactions.
“Interestingly, advisers such as Quant Group and ANZ also featured in the list of top 10 advisors by value, despite advising on one deal each.”
The Role of Financial Advisers
A financial adviser provides financial advice or guidance to customers for compensation. Financial advisors, or advisers, can provide many different services, such as investment management, tax planning, and estate planning, or in this scenario, as mergers and acquisitions advisers. Increasingly, financial advisors are providing a range of services from portfolio management to insurance products as a one-stop-shop.
According to Investopedia, “financial advisor is a generic term with no precise industry definition, and many different types of financial professionals fall into this general category. Stockbrokers, insurance agents, tax preparers, investment managers, and financial planners are all members of this group. Estate planners and bankers may also fall under this umbrella.
Still, some make an important distinction in that a financial advisor actually provide guidance and advice. Therefore, a financial advisor can be distinguished from an execution stock broker that simply places trades for clients or a tax accountant who simply prepares tax returns without much input.”
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