Ares CFO Sees Asia Acquisitions as Avenue to Boost Firm’s Growth
This article is for subscribers only.
Ares Management Corp. sees opportunities to grow through acquisitions in Asia, which is about 20 years behind the US in terms of market development, Chief Financial Officer Jarrod Phillips said.
“We’re starting to see sponsors use the banks maybe a little bit less and come to alternative providers,” he said Tuesday at the Barclays Global Financial Services Conference. “When we look at what the options are in Asia, if we want it to grow like Europe, we know that it’s going to be a combination of organic growth and acquisitive growth.”