According to research firm Dealogic, Citigroup topped the league table for fees for advising on private-equity deals in the Asia Pacific region last year. The firm earned $85m, and was followed by Nomura ($50m), and Credit Suisse ($43m). Citi is also favourite to top this table again in 2006, after getting off to a flying start to the year.
Credit Suisse is going back to South Africa, and is joining forces with Standard Bank to create a joint venture, known as Credit Suisse Standard Securities. The new unit will focus on equity research, sales & trading , and equity capital markets deals.
Red faces over at Fidelity Investments, as the firm confirmed last week that a laptop that held the names, addresses, dates of birth and Social Security numbers of thousands of participants in Hewlett-Packard's (HP) pension and 401(k) plans had been stolen. Fidelity said that there was no evidence that the data had been misused, but is working with HP in order to minimize the impact of the theft.
Lehman Brothers plans to really beef up in Japan. Jeremy Issacs, the firm's head of Europe and Asia, has said that Lehman plans to double its workforce there in the next 3 years. The firm currently has around 2,300 staff in the region, most of whom are based in Japan. Issacs said that 'Japan is our number one point of investment....we are putting the maximum amount of investment there'.
Finally, The Wall Street Journal quotes an unnamed 'person familiar with the matter', who has said that only two bidders remain in the fight to acquire Gartmore's UK businesses. According the the newspaper, the last two bidders standing are buy out firm Hellman & Friedman, and UK fund manager Schroders.