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Originally Posted by Unregistered
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.
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Apologies - I meant to say ECM. Okay, I thought that I read somewhere that MacQ has decided to trim its M&A bankers as they recently realised that Singapore's companies (1) aren't very open to M&A; (2) prefer to do it in-house. I was wondering how true it is, and whether it's only a recent thing.