Investment Bankers

The online platform, set up by stock exchanges, will enable merchant bankers to upload and maintain documents electronically, ensuring easier access to documents pertaining to the public issue process

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The last two years have been transformative for investment banking in India, not just in terms of the volume of activity, but also the quality of deals and their impact on businesses

10x hike in net worth; more clarity on roles, responsibilities

So far this year, bankers have pocketed Rs 1,226 crore for handling 45 IPOs

The upbeat results come two days after U.S. regulators fined Citi $136 million for making "insufficient progress" in fixing data management problems identified in 2020

The telecom operator has paid Rs 287 cr to three bankers, second-most ever

The final size and timing of the cuts may change, the people said. A media representative for the New York-based bank declined to comment.

Investment banking activity has rebounded from a two-year dealmaking drought as large corporates issued near-record levels of debt and equity capital markets became more active

The cuts are expected to take place in the coming months and are part of the firm's annual cutting of low performers, the people said.

Industry body forms committee to review networth threshold

Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium

Positions range from associate to executive vice president level, with most of the senior hires coming from rival banks, Saraf told Bloomberg News in a recent interview in Mumbai.

Investment bankers laughed all the way to the bank as their fee income touched a new record of USD 1.3 billion in 2023, growing 28 per cent over the previous year. At USD 1.3 billion in estimated fees during 2023, investment bankers collected 28 per cent more than they did last year, and this is the highest since records began in 2000, according to the data collated by LSEG Deals Intelligence, formerly Refinitiv. The fee income of investment bankers got a boost due to higher equity and debt issuance volumes which offset the massive plunge in deal activities. State Bank of India took the top position in investment banking fees chart with a collection of USD 102.7 million, which is 7.7 per cent of the country's overall investment banking fee pool, according to the agency. The fee income chart was led by M&As (mergers and acquisitions) contributing USD 416.1 million, which was 7 per cent down year-on-year. The deal street saw a massive 51 per cent fall in value over 2022, the agency .

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

Banking veteran Ted Pick will become the next CEO of Morgan Stanley. Pick will succeed long-time CEO James Gorman effective Jan. 1. And Gorman, who announced his plans to step down in May, will remain at the bank as executive chairman of the board. Pick has served as co-president of Morgan Stanley for the past two years. He first joined the investment bank back in 1990, and held several titles throughout his tenure including managing director, head of equity capital markets and global head of sales and trading. In a prepared statement, Pick said Wednesday that he was deeply honored to head the storied institution and was excited for future growth. He also credited Gorman's leadership for making Morgan Stanley well-positioned to succeed across market cycles. Gorman, who first joined the New York bank as chief operating officer of its Global Wealth Management Group in 2006, became CEO in 2010 in the wake of the financial crisis, when the investment bank came dangerously close to ..

Industry experts note that the work required for an IPO remains consistent, regardless of the issue size

Investment bankers laughed their way to the bank with 41 per cent on-year more fee income at USD 967.5 million during the first nine months of 2023, despite a massive fall in deals, according to an industry analysis. This is the highest fee collection by deal makers since records began in 2000. According to Refinitiv, which is an LSEG (London Stock Exchange Group) business , completed M&A advisory fee jumped 34 per cent year-on-year during January-September 2023 and totalled USD 362 million, while ECM (equity capital market) underwriting fees rose by a steeper 38 per cent to reach USD 194.3 million. Debt capital market (DCM) underwriting fees totalled USD 181.7 million, a 41 per cent increase from a year ago, while syndicated lending fees grew 56 per cent to USD 229.5 million in the first nine months of 2023, Lucille Jones, an analyst at LSEG said, adding the total fee income for the sector during the period jumped 41 per cent to USD 967.5 million. Wall Street major Citi's ...

The bank's trading unit also boosted revenue, while its division providing treasury and securities services to corporations brought in 12% more revenue

DME is a special-purpose vehicle created by the NHAI in August 2020 for the construction of the greenfield Delhi-Mumbai Expressway