UBS Sees Asia M&A Pick Up in Latter 2023 Despite Recession Woes

The deal appetite for high-quality assets globally will continue in 2023 despite fears of a coming recession, according to the co-head of Asia mergers and acquisitions at UBS Group AG.

“There has been all this demand for more M&A, particularly cross border M&A, because it’s something that we haven’t seen in the last three years,” Samson Lo said in an interview with Bloomberg TV at the UBS Greater China conference in Hong Kong. Despite the overall recession “cross border M&A will pick up significantly in the second half of this year.”