Quote:
Originally Posted by Unregistered
Thanks for the reply. To clarify, when you mentioned that "cuts were made only because of recent business conditions in SEA", were you referring primarily to equity-based sales or does it include to other areas as well (e.g. M&A and DCM)? From what I saw around, the market in DCM and M&A for SEA isn't that great either..
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Not sure what you mean by equity sales...I thought we were talking about
IBD here?
Debt markets and M&A activity in SEA hasn't been strong since.......forever. Recent pullback and cuts are due mainly to drop in equity underwriting and not debt or M&A activity since there isn't a ton of debt or M&A activity in the SEA region anyway due to its infancy.