Top 10 Financial Advisors in Chemical Industry in the World in 2021 by Deal Volume

Citigroup Inc, Bank of America Corp, HSBC Holdings Plc, JPMorgan Chase & Co, and BNP Paribas SA are among the top 5 financial advisors in the chemical industry in 2021 by deal volume. In terms of the geographic split, 5 out of 10 of the world’s top 10 financial advisors in the chemical industry are headquartered in North America, while 4 are based in Europe, and the remaining 1 is based in Asia. They employed a total of 1,555,539 people in 2021. The J.P. Morgan-Adbtrasemisa deal was one of the major deals in the chemical sector in 2021. Cuatrecasas served as legal advisor to JP Morgan Securities for the J.P. Morgan-Adbtrasemisa deal. J.P. Morgan Securities Plc, a UK-based investment banking company, has acquired a 90% stake in Adbtrasemisa S.L, a Spain-based company engaged in related services for transportation. The deal was completed in Q3 2021. The HSBC Insurance-Axa Insurance deal was another major deal in the chemical sector in 2021. HSBC Holdings Plc served as financial advisor to HSBC Insurance (Asia-Pacific) Holdings Ltd. HSBC Holdings PlcHSBC Insurance (Asia-Pacific) Holdings Ltd, a wholly owned subsidiary of HSBC Holdings plc (HSBC), has acquired a 100% stake in Axa Insurance Pte Ltd, a Singapore-based insurance company that provides personal insurance and business insurance products and services, from AXA SA for consideration of $529 million. The deal was completed in Q1 2022. The Shinhan Financial-Bnp Paribas Cardif deal was another major deal in the chemical sector in 2021. Shinhan Financial Group Co Ltd (SFG), a South Korea-based financial holding group, has acquired a 94.54% stake in Bnp Paribas Cardif General Insurance Co. Ltd., a South Korea-based money-losing non-life insurance company, which specializes in auto insurance from BNP Paribas Cardif, a subsidiary of BNP Paribas SA, a France-based multi-line insurance company, for consideration of KRW40 billion ($34 million). The deal was completed in Q4 2021.