Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

JPMorgan Plans to Expand Southeast Asian Banking Team

Don't Miss Out —
Follow us on:

Dec. 7 (Bloomberg) -- JPMorgan Chase & Co. said it will boost its investment banking team in Southeast Asia by 30 percent to 40 percent in the next 12 to 18 months to tap growth in the region.

The New York-based company will also expand its presence in Malaysia, Indonesia and Thailand, Rob Sivitilli, head of corporate finance and mergers and acquisitions for Southeast Asia, said at a briefing in Singapore today. He declined to provide specific figures.

The volume of mergers and acquisitions in Southeast Asia is expected to increase by 20 percent to 30 percent in 2011, led by cross-border transactions in the consumer and energy sectors, Sivitilli said.

More than a dozen initial public offerings, each in excess of $300 million to $400 million, are likely in Singapore next year, Yeo Hong Ping, head of investment banking in the city-state, said at the same briefing.

Companies are also looking to issue more innovative debt products, such as the perpetual bonds sold by Noble Group Ltd. in October this year, Yeo said.

To contact the reporter on this story: Joyce Koh in Singapore at jkoh38@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.