Investment banking fees declined in 2016, with global fees falling 7% to $71 billion, according to data company Dealogic, with a light dip in M&A, a more substantial decline in equity and some improvement in debt fees. In moments like this, focusing on specific sectors of activity can help the industry leverage its potential while keeping costs under control. Global Finance sectoral awards, to a total of nine banks in 12 different sectors, recognize exceptional service delivery in a specific industry.
Haitong Securities, based in Shanghai, took the prize for Consumer Product Companies, having raised $1.2 billion for its clients in five equity deals that represent a 45.4% share of the equity capital market for the industry worldwide.
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