You are here

For investment banks riding Asia's wealth, collaboration is do-or-die

Those that do not run a diversified business, or partner their private banking arms, are doomed, says Credit Suisse banker Edwin Low

BT_20200302_JLCS_4048609.jpg
Diversification is a must, given that the region is not homogeneous and individual markets can move without correlation to one another, says Mr Low.

Singapore

ASIA is riding on unprecedented wealth creation, but for investment banks operating here, executing deals profitably on behalf of tycoons building business empires in this part of the world is far less straightforward.

A top banker who spent decades hammering out deals...