Under a newly revitalized name, the European investment bank Dresdner Kleinwort Wasserstein is planning to expand its business in Asia. Heads of global equities, Conor Killeen and Martin Korbmacher were in Asia today to discuss their strategy.
They say they will take a fairly focused approach to growing the Asian franchise. They have chosen to focus on three sectors financial institutions, techology-media-telecoms TMT and oil and gas. This is no coincidence, says Killeen. If you look at Asia this year, 70% of investment banking fees have come from TMT and another 15% from financial institutions and energy.
Dresdner Kleinwort Wasserstein presumably destined to be called DKW has had a mixed year. It suffered...
