It has been more than just a good week for Morgan Stanley. At a time when deals are few and far between, its banking and advisory team managed to secure the two landmark mandates in Facebook and Glencore – potentially worth up to $50m in fees – while striking a new long-term relationship with Tullow Oil.

Morgan Stanley's victory in securing the coveted 'lead-left' position for Facebook's $5bn initial public offering - beating rivals such as Bank of America Merrill Lynch and Goldman Sachs - comes after it dominated the technology league tables in 2011. The bank was on 11 of the 25 tech IPOs in the United States last year.