Asia Market round-up: Prepare for a banking battle
Foreign institutions considering an M&A foray into the financial services sector in Asia might want to pick up a copy of PricewaterhouseCoopers’ recent report on the matter before doing so.
Entitled Going for growth, the outlook for M&A in the financial services sector in Asia the report highlights some interesting key trends among those seeking to muscle their way into the world’s fastest-growing economic region.
PWC also offers two key warnings to potential market entrants. First, the landscape in Asia is becoming increasingly competitive and entrants should “prepare for longer, more aggressive M&A, joint venture and partnership deals”. Second: “Organic growth is OK, but not enough – and not possible in many markets.”
As the region’s financial markets continue to deregulate, albeit slowly, the financial services sector is likely to prove to be one of the most lucrative fee pools for M&A bankers.