Released late last week were the deal-volume rankings for I banks as of feb 2007. See them here. This list is pretty important for bragging rights, as well as bargaining power.
More importantly, now is a perfect time to mention globalization's role in this incredibly elite club. Unheard of PT Danatama Makmur, an INDONESIAN brokerage house, recently joined the 10-spot for deal-volume rankings for the month of January, advising Bakrie & Brothers $5.1 billion acquisition of 3 different companies.
Certainly, they are just a blip on the radar, but for an investment bank headquartered in a developing country to start playing with the big boys, this is a pretty monumental moment.
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