The safest investment banks for M&A professionals in the MENA region
M&A activity in the MENA region continues to languish – in the first six months of 2012, announced deals are down by nearly 25% on last year and have declined by 15.8% since the first quarter, according to new figures from Thomson Reuters.
Not surprisingly, there are few job opportunities in investment banking in the Middle East currently, with already small teams in the region more likely to be downsized than expanded. However, where are the safest banks to be working?
According to the league table below, it’s Citi, which has increased its market share by nearly 9% year-on-year and tops the charts when it comes to announced deals in MENA. HSBC is the biggest riser, increasing its share of deals by nearly 14% and moving up from 18th to 4th.
Goldman Sachs, Credit Suisse and Lazard remain strong in the region. The most significant loser, meanwhile, is Bank of America Merrill Lynch, which has lost around 23% of its market share and tumbled from 3rd to 13th in the rankings. Deutsche Bank also lost around 15% and slipped from 6th to 16th in the league tables.
Here’s the full league table:
