| Topic Name: |
Tokyo I-Banking Scene |
| Message Name: |
Turnaround |
| Date Posted: |
02/01/2001 |
| In Reply To: |
Lehman NY (or HK) insisted that Tokyo IBD focus on FIG deals. The lone MD at the time wanted to pursue Industrial transactions and thus left for MSDW, which happened to have gotten rid of its MD in M&A. Sr. VP followed him, as well as bunch of analysts who feared there would be no deal flow without these two. Then Lehman NY sent a FIG MD as head of Tokyo, so Sr. VP who was in charge of FIG left for UBS, along with some analysts as well. The surprising part was the amount of time it took them to replace these bankers, it probably took close to a year. |
| Message: |
Well it seems like they've made a pretty good turnaround after all of that political mess. Though they didn't have the # of deals, they were ranked 5th in the M&A League tables in terms of value of completed deals in 2000. Financial Times hard copy only, Jan 23."Japan M&A activity levels off"
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