How the M&A advisers stack up

The league tables once again show why no-one should place a bet on how the final order will look at the end of the year. The Dealogic rankings for M&A advisers for Asia-Pacific (including Australia and Japan) for the nine months to end September 30 have changed considerably during the course of the year, and indeed, there have been some dramatic upsets, especially in the last quarter.

The one constant has been UBS, which remains in pole position. It has announced 67 deals and closed 71. UBS has been helped by a strong showing in Australia, a market that has witnessed a few high-value M&A deals. UBS also has the unique distinction of being the only investment bank to lead in both completed and announced deals in three key markets: Australia, India and Hong Kong.