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SYDNEY - Goldman Sachs has been named Asia's bank of the year by the Hong Kong-based weekly IFR Asia, with UBS given the title of Australian equity house of the year.
"Goldman Sachs has been described as the Tiger Woods of investment banking and that's not far from the truth," IFR Asia editor Matthew Davies said.
"It has increased its lead in the all-important China market this year and shown that with discipline and good teamwork it is possible to manage the conflicts of interest that come with being an investor and trader on one hand and doing business for clients on the other."
The best Australia/New Zealand securitisation house was Macquarie Bank, the best loan house was Citigroup and Australia/New Zealand's loan house of the year was National Australia Bank.
UBS was named both the region's equity house of the year and the Australian equity house of the year.
The awards will be presented in Hong Kong on February 5.
- AAP
