Despite difficult markets, HSBC has beaten rival investment firms to reach the top five for Asian M&A advisory firms for the first time in more than 50 years.

Although overall M&A volumes in the region fell nearly 9 percent in the Asia Pacific region, HSBC rose from No. 9 to No.3 this year, according to Thomson Reuters.

Morgan Stanley was ranked No. 1 in the region, working on deals worth $33.1 billion, while UBS was No. 2, with $25.9 billion worth of deals, and HSBC had $21.9 billion.

HSBC has steadily built its investment banking platform in Asia since the global financial crisis, taking market share from some of the traditional Wall Street banks, such as Goldman Sachs.

Read more on the story on the Reuters website or read more about HSBC in the news.


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