Mo Assomull, global head of equity syndicate at Morgan Stanley, has said that global ECM volumes could reach a record this year and that emerging markets issuance could account for more than half the worldwide total for the first time.

Morgan Stanley almost achieved a clean sweep in the equity capital market rankings last year: the bank was number one in the global league tables for ECM, initial public offerings and equities, and only missed out in convertibles rankings, where it finished fourth globally, according to Dealogic.