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UBS Top Earner For Asia Pacific Ex-Japan For 2005

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UBS Top Earner For Asia Pacific Ex-Japan For 2005

HONG KONG (Dow Jones)–Swiss banking giant UBS AG (UBS) was the top-earning investment bank for the Asia Pacific region excluding Japan in 2005, with revenue topping US$363 million, according to capital market data provider Dealogic PLC (DL.LN).

Wall Street rivals Citigroup Inc. © and Morgan Stanley (MWD) trailed UBS, generating US$293 million and US$249 million respectively in fees for the year. UBS captured 7.9% of the Asia Pacific ex-Japan revenue pool for 2005.

UBS was also the top bookrunner for the region, with US$13.62 billion worth of deals, according to Dealogic. Its equity business generated US$231.4 million in fees. Morgan Stanley came in a distant second with US$166.7 million in the region followed by Goldman Sachs Group Inc. (GS) with US$156.6 million.

UBS also beat out competitors for initial public offerings in Asia Pacific ex-Japan, bookrunning US$4.82 billion worth of deals. UBS was followed closely by Swiss rival Credit Suisse First Boston (CSF.YY) with US$4.62 billion, Morgan Stanley with US$4.46 billion and Chinese investment bank, China International Capital Corp., or CICC, with US$3.59 billion.

More: sg.biz.yahoo.com

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