Goldman tops ranking


  • Business Premium
  • Saturday, 04 Jan 2003

MORGAN Stanley, Merrill Lynch & Co, and J.P. Morgan Chase & Co, which dominated takeover advisory work in Singapore during 2001, saw their business slump more than 95% last year as volume shrank three-quarters. 

Morgan Stanley fell to seventh place from first with US$554mil of takeovers, less than a 40th of the US$22.4bil it worked on in 2001, Bloomberg data showed. Merrill’s US$428mil ranked it ninth, down from second with US$20.9bil, while J.P. Morgan tumbled to 15th place with US$86mil, from third with US$18.7bil. 

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