Top banks' top M&A teams by region and sector in a horrible year
End of year reviews for M&A banking are out and it won't come as a surprise to learn that they're horrible. Worldwide M&A was at a decade low in 2023 according to preliminary calculations from the London Stock Exchange Group. Those same calculations put M&A deals with UK involvement at their lowest levels since 2009.
As the chart below shows, the upshot is that even the market leader (Goldman Sachs) experienced a 35% decline in M&A revenues last year compared to 2022. At UBS, which is grappling with the Credit Suisse integration, revenues were down 45%. At Barclays, where bankers have been pressuring for a delay to 2022bonus decisions in the hope that late deals come in, revenues were down 25%. At Deutsche Bank, which has been pouring money intohiring senior M&A bankers in the hope of a coming deal rebound, revenues were so low that it ranked outside the top 10 globally and came only 14th in EMEA (down from 11th last year).
Only Centerview, the M&A boutique renowned for its enormous pay and itshard grind, brought in higher M&A revenues last year than in 2022.
[The charts in this article are only visible in full on a desktop computer.
Read more on efinancialcareers.com
