Jim Gorman & co. could pretty much just blow off this whole month, what with having taken €131 million off Europe’s acquisitive businesses this year compared to Barclays’ €85 million and Goldman’s €82 million. We’re not saying it will, but for someone else to win this year’s race, they would basically need Germany to sell itself to, say, Russia, and award all of the fees to Barclays.
Each of the three biggest fee payers in Emea – Spain’s Telefonica TEF.MC +1.55% (€161.7 million), Netherlands-based VimpelCom (€119 million) and the UK’s BskyB SKY.LN 0.00% (€107 million) – has Morgan Stanley as the best paid adviser….
In all, Morgan Stanley ranks among the top three fee earners from six of the 10 biggest payers.
Morgan Stanley Wins Big with Europe’s Top Fee Payers [WSJ MoneyBeat blog]