29 April 2009 | VESNA POLJAK | The Australian Financial Review
The investment bank community will catch the next wave, albeit paying more attention to risk factors that can dump them head first in the sand.
29 April 2009 | James Chessell, Vesna Poljak, and Brett Clegg | The Australian Financial Review - Online
The past year has been an unprecedented time for the investment banking industry. Never have corporate advisers been so tested and the challenges so demanding from clients. Financial market turmoil has put many companies under stress, while fallout from the boom times has led to public criticism of the profession. The Australian Financial Review brought together five leading practitioners to debate these issues. From The AFR were James Chessell, Vesna Poljak, and Brett Clegg.
29 April 2009 | Alan Jury ajury@afr.com.au | The Australian Financial Review
Australian issuers are responsible for 9 per cent of the value of global share issues so far this year. This is 125 per cent more than the comparable proportion last year, and double the long-run average of 4.6 per cent.
29 April 2009 | NABILA AHMED and KATJA BUHRER | The Australian Financial Review
When Wesfarmers conducted its $2.6 billion capital raising last year, debt providers JP Morgan and Deutsche Bank muscled their way into the equity-raising ticket after initially being overlooked in favour of UBS, Macquarie, ABN Amro and Goldman Sachs JBWere.
29 April 2009 | SARAH THOMPSON | The Australian Financial Review
There are few better rivalries in investment banking than UBS and Macquarie and their battle to grasp the leading share of Australia's jam-packed broking market.
29 April 2009 | SARAH THOMPSON, KHIA MERCER and KATJA BUHRER | The Australian Financial Review
When Jaad Cabbabe landed a job in research sales at investment bank Credit Suisse, he was confident of putting memories of his recent redundancy from Tolhurst Holdings behind him.
29 April 2009 | JEMIMA WHYTE | The Australian Financial Review
There's nothing like a downturn to grease the revolving doors. For the past year, employers have been cutting swathes of staff as they move to better position themselves for tough operating conditions. But it's not just the worker bees that have found themselves searching for alternative employment.
29 April 2009 | James Chessell | The Australian Financial Review
The smaller end of town has not been immune from the cold winds blowing through the broking industry over the past year.
29 April 2009 | MATTHEW DRUMMOND | The Australian Financial Review
This surely goes down as the biggest stuff-up for a long time and will be talked about in the annals of how not to do a deal. Goldman Sachs JBWere in a client note on last December's $2 billion capital raising by Commonwealth Bank of Australia.
29 April 2009 | JAMES CHESSELL and JEMIMA WHYTE | The Australian Financial Review
In many ways 2009 is proving to be another strong year for UBS Australia. The biggest investment banking franchise in the country has dominated the equity capital markets league tables, remained top of the broker market share rankings, managed a successful restructuring business and expanded its wealth management division.
29 April 2009 | VESNA POLJAK | The Australian Financial Review
It's hard to imagine anyone in the mighty Macquarie Group ranks could have predicted this. The dynamo of Australian investment banking had a meteoric rise on the advisory tables in past years, but its performance of late has tapered off.
29 April 2009 | JO CLARKE and LUKE FORRESTAL | The Australian Financial Review
There could be a flood of work once the FIRB has decided the outcome of the Rio-Chinalco bid.
