S-E Asia a likely hotspot for global investment bank growth

KUALA LUMPUR: South-East Asia is expected to be a hotspot for growth for global investment banks while more consolidation is expected to reduce the number of major players to around 10 or less within the next three to five years, from the current 14.

“This is more a stabilisation than a turnaround. Banks shouldn't rely on further growth in the near term, but rather focus on creating higher profits out of a flat revenue pool,” said Roland Berger Strategy Consultants senior partner Markus Boehme.