JPMorgan also demonstrates a breadth of expertise and competence that surpasses that of any other bank. Its integrated organisational structure was of particular interest to the judges.
Marc Jones, JPMorgan’s head of FIG for Asia, says: “We aim to be more integrated. We have integrated debt capital, equity capital, M&A and some top-down asset-side advisory work all in one team.” The new structure is well honed to dealing with banks’ risk in the run-up to BIS II, he says.
Trophy deals include the complex $40bn merger between UFJ Holdings (JPMorgan’s client) and Mitsubishi Tokyo Financial Group, which will create the largest banking group in the world in terms of total assets. Other clients include Corsair in the sale of its stake in KorAm to Citigroup, DBS Bank in its merger with TMB and IFCT, and Tokio Marine in its acquisition of Real Seguros.
Particularly important capital market deals include its role as sole global co-ordinator and sole bookrunner on Kookmin Bank’s $1.243bn block trade, its role as joint bookrunner for Chuo Mitsui Trust in its debut global perpetual dollar offering and its role as bookrunner for ANZ National’s $1.5bn debut benchmark transaction.
