Men walk past a logo of Deutsche Bank AG in Tokyo September 9, 2013. Japan's securities market watchdog is investigating whether Deutsche Bank AG employees provided excessive entertainment to Japanese pension fund executives in breach of regulations, sources with knowledge of the matter said. To match Exclusive DEUTSCHE-JAPAN/PROBE REUTERS/Toru Hanai - GM1E9991GGZ01
HONG KONG - There’s an old joke that if you can see a bandwagon, you have missed it. Deutsche Bank is looking to boost its tiny Asia equity capital markets business, Bloomberg reported on Wednesday, right after the region clocked up a record $510 billion-worth of deals for a 12-month period, per Refinitiv data. Bull markets don’t roll on forever. But there may yet be money to make – if the $26 billion German lender sticks to its restrained approach.
The bank wants to add up to 12 people in various Asian locations, Bloomberg reported on Wednesday. That would still leave the team substantially smaller than it was before Chief Executive Christian Sewing slashed 18,000 jobs around the world almost two years ago. Deutsche ranked 47th in Asia-Pacific for ECM last year, per Refinitiv, having been third as recently as 2016 when it duked it out with the likes of Goldman Sachs and UBS.
The attraction of the equity capital business is that it accounts for 38% of Asia’s investment-banking fee pool compared with a quarter globally. It’s also, though, seen as a scale game needing research, sales and trading in each country as well as the advisory nous to pull off landmark deals for clients. A longstanding rule of thumb among the region’s bankers is that the top-three players are profitable, the next three cover their costs while everyone else loses money.
Those outside the ECM bulge bracket have in recent years become more disciplined about dropping unprofitable clients. Barclays, another to retreat from Asia via mass layoffs before quietly returning, axed almost a third of its clients back in 2016. Such moves are reflected in the average number of bookrunners, which has fallen to 9 this year for big Hong Kong initial public offerings, from 16 in 2016, according to Dealogic.
Breakingviews JennHughes13 For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blaketeddy56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Breakingviews JennHughes13 New month !!! bonus !!! Only 30 serious person's needed 💱 Work from home with your smartphone and start earning $2,500 every 48 hours and $8,750 weekly Ask me How No hidden fee No Charges involved No Scam Only serious minded person's WhatsApp number +16312960615
Breakingviews JennHughes13 I'm GREATEST IDIOT at this planet. How come BECAUSE... 1- I've never had Smoking, Alcohol, Drug, Premarital sex & Extramarital Affairs. 2- I'm not interested in name, fame, food, clothes, money & properties. EVEN my family, friends & relatives don't know about my tweets..
Breakingviews JennHughes13 I'm GREATEST IDIOT at this planet. How come BECAUSE... 1- I've never had Smoking, Alcohol, Drug, Premarital sex & Extramarital Affairs. 2- I'm not interested in name, fame, food, clothes, money & properties. EVEN my family, friends & relatives don't know about my tweets.
Breakingviews JennHughes13 I'm GREATEST IDIOT at this planet. How come BECAUSE... 1- I've never had Smoking, Alcohol, Drug, Premarital sex & Extramarital Affairs. 2- I'm not interested in name, fame, food, clothes, money & properties. EVEN my family, friends & relatives don't know about my tweets.
Breakingviews JennHughes13 Dear, I'm crazy about making our GREAT AMERICA and GREAT PLANET happy, healthy & peaceful asap.....with the help of my nonsense tweets by REVIVING everyone's inner conscience (including myself).....
Breakingviews JennHughes13 Dear, I'm crazy about making our GREAT AMERICA and GREAT PLANET happy, healthy & peaceful asap.....with the help of my nonsense tweets by REVIVING everyone's inner conscience (including myself)..
Breakingviews JennHughes13 Dear, I'm crazy about making our GREAT AMERICA and GREAT PLANET happy, healthy & peaceful asap.....with the help of my nonsense tweets by REVIVING everyone's inner conscience (including myself).
Breakingviews JennHughes13 Please improve yourself every nanosecond...I'm also doing the same. Daily schedule one meeting -- Meeting Agenda- Introspection 1- Meeting room - Toilet 2- Meeting room - Kitchen- while cleaning kitchen utensils No need to share it through Webex/Zoom/Skype/Team BEST OF LUCK
Breakingviews JennHughes13 Please improve yourself every nanosecond...I'm also doing the same. Daily schedule one meeting - Meeting Agenda - Introspection 1- Meeting room - Toilet 2- Meeting room - Kitchen- while cleaning kitchen utensils No need to share it through Webex/Zoom/Skype/Team BEST OF LUCK
Breakingviews JennHughes13 Please improve yourself every nanosecond...I'm also doing the same. Daily schedule one meeting -- Meeting Agenda - Introspection 1- Meeting room - Toilet 2- Meeting room - Kitchen- while cleaning kitchen utensils No need to share it through Webex/Zoom/Skype/Team BEST OF LUCK
Breakingviews JennHughes13 Dear Reuters, Your blessings to me is really very strong 327K on 31st Jan...3.05M twitter impressions for Jan month. 12.96M Impressions for the last 6 months...means...people are going through it Hope...one day they will start executing my ideas to 'REVIVE THEIR INNER CONSCIENCE'
Breakingviews JennHughes13 Dear Reuters, Your blessings to me is really very strong 327K on 31st Jan...3.05M twitter impressions for Jan month 12.96M Impressions for the last 6 months...means...people are going through it. Hope...one day they will start executing my ideas to 'REVIVE THEIR INNER CONSCIENCE'
Breakingviews JennHughes13 Dear Reuters, Your blessings to me is really very strong 327K on 31st Jan...3.05M twitter impressions for Jan month 12.96M Impressions for the last 6 months...means...people are going through it Hope...one day they will start executing my ideas to 'REVIVE THEIR INNER CONSCIENCE'
Breakingviews JennHughes13 When will you look to boost your mental & physical health by quitting all your GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affairs ?
Breakingviews JennHughes13 When will you look to boost your mental & physical health by quitting all your GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affairs ?
Breakingviews JennHughes13 When will you look to boost your mental & physical health by quitting all your GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affairs ?
Breakingviews JennHughes13 When will you look to boost your mental & physical health by quitting all your GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affairs
Breakingviews JennHughes13 When will you look to boost your mental & physical health by quitting all your GOOD habits of Smoking, Alcohol, Drug, PORN, Premarital Sex / Extramarital Affairs
Breakingviews JennHughes13 Why was Trump banned?
Breakingviews JennHughes13 Couple of months ago I came across a recommendation about DennisWilliam56 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Reuters - 🏆 2. / 97 Read more »