Last year you predicted a substantial lift in the level of MA activity in Asia, are you still bullish
Yes, I think the restructuring story still has a lot of momentum. There's pressure on businesses to increase critical mass and market dominance through consolidation , and on conglomerates to focus on core competencies. So the difficult conditions of the last 12 months have helped the MA business.
If equity capital markets come back in the first six months of the year, will that impact MA
Yes, it will. More financing avenues will be available through the equity capital markets. So we might see more cash deals. Last year, we saw a lot...