As iconic brands are snapped up and corporations merged and swallowed in a record-breaking whirl of deals, there has been one constant: Goldman Sachs.

Reuters reports that the Wall Street firm is once again top dog in the global M&A rankings, having advised on transactions worth close to $1.7tril this year, more than the annual economic output of Australia, including Friday’s $130bn tie-up between U.S. chemical giants DuPont and Dow Chemical Co.

Goldman’s No 1 status comes despite the bank having lost several veteran bankers this year, including Gordon Dyal, its former M&A chief and Jack Levy, one of four global co-chairmen of M&A, and reflects the enduring success of its partnership model, 15 years after the company went public.

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Goldman reigns supreme in record M&A year

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