Morgan Stanley reportedly raises bonuses for senior bankers in Asia by 40%
Morgan Stanley has increased the bonuses for Asia's top investment bankers due to a significant rise in revenue, with increases of up to 40%. The average bonus has risen by nearly 20% to compensate for the meager bonuses of the previous year. The best-performing employees, such as those in the Indian and Australian markets, saw their bonuses adjusted by 30% to 40%. Last year, Morgan Stanley's revenue in Asia's investment banking and capital markets grew by about 50%, and the bonus pool increased by approximately 20%. In contrast, JP Morgan's bonus increase was in the single digits to 10%
[Hong Kong Economic Journal] Bloomberg cited informed sources reporting that after a significant increase in revenue, Morgan Stanley has raised the bonuses of some top investment bankers in Asia this year by as much as 40%.
According to informed sources, Morgan Stanley has increased the bonuses of its senior employees in Asia by nearly 20% on average to compensate for the meager bonuses from the previous year. Employees in markets such as India and Australia, which performed the best, will see their bonuses adjusted by 30% to 40%.
It is reported that Morgan Stanley's revenue from investment banking and capital markets in Asia (excluding Japan) grew by about 50% last year, exceeding $600 million, and its bonus pool increased by about 20%. In contrast, JP Morgan's senior bankers in the region saw average bonus increases in the single digits to 10%
