People

Morgan Stanley's Franck Petitgas on the investment bank's turnaround

Franck Petitgas, global co-head of investment banking, Morgan StanleyFranck Petitgas, global co-head of investment banking, Morgan Stanley

The global co-head of investment banking at Morgan Stanley discusses the turnaround of the company's fortunes and says the firm's success in investment banking is just the beginning. Writer Geraldine Lambe

Issuers

Tullow takes the fast route to Africa

Active in 23 countries, the UK’s Tullow Oil is now targeting the African market, a policy which took a huge leap  forward in January with its $1.5bn purchase of Heritage Oil’s Ugandan assets, the funds for which were raised by an accelerated bookbuild that was completed in just over a week.

Deals

Right places, Right time

Deutsche Bank (l-r): Gilles Ohana and Reinout KoopmansDeutsche Bank (l-r): Gilles Ohana and Reinout Koopmans

When it decided to sell a slice of copper miner KGHM, Poland's government turned to Deutsche Bank, hoping that it would give the deal a more international approach as well as getting the timing of a potentially delicate deal just right. Writer Edward Russell-Walling

Institutions

The taming of Merrill

Bank of America Merrill Lynch has had a rough year. Its CEO is being forced to retire, it is under intense regulatory scrutiny and senior investment bankers have left in droves. Yet it is holding up well in the league tables, and deal flow is looking pretty strong. Is Bank of America beating the odds and making a success of the acquisition? Geraldine Lambe reports.