JP Morgan worked as adviser on deals totalling $4.1bn in the first quarter, beating UBS Warburg who retained second place advising on $2.9bn of deals.
There were $8.4bn worth of deals in the first quarter, compared to the record $32.5bn seen in the first three months of 2001.
JP Morgan Big 'Down Under'
Although JP Morgan advised on more Australian mergers than anyone else in the first quarter, activity fell by over 74% from last year and there are now growing fears of more investment banking job cuts in the region.
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