Emerging markets are the place for investment bankers to wheel and deal during the next couple of years, says Martin Hutchinson in Money Morning.

Emerging markets’ share of investment banking revenue has increased in both percentage share and in total value over the past few years.

Of course, if you want to buy into this dynamic growth business you need to invest in emerging markets investment banks. Martin has picked three that are worth a look…

As investors, we can rejoice in the work ethic of Asian companies, as well as their inventive technology and presence in some of the world’s greatest growth markets. But there’s one “bad habit” that Asian management just can’t seem to shake and it’s one investors need to look out for: Trying to build businesses in the United States, and devoting huge amounts of shareholder resources in the process.Nomura Holdings Inc. (ADR: NMR), the Japanese investment bank, is a good example of this bad habit. On Tuesday, Nomura reported a loss for the quarter ended June 30 of $770 million (84.3 billion yen) due to a write-down of $575 million (63.1 billion yen) on its exposure to monoline insurance companies. Nomura…