Bank revenues from mergers and acquisitions in Asia have long lagged behind those in Europe and the US and there is perhaps little reason to believe that this year will be any different.
Notwithstanding this, JP Morgan views its MA franchise in Asia as an important piece of its overall business due to the increasingly global complexion of acquisitions.
“For me, probably the most strategic business globally is Asia, not because it is going to outstrip North America or Europe in terms of size in the near future, but in terms of being relevant to our clients globally,” Hernan Cristerna, co-head of MA at...
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