Mergers, acquisitions expected to be on rising trend in Malaysia

17:01, July 21, 2010      

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Regional mergers and acquisitions (M&A) in Malaysia are expected to increase with larger local banking groups leading the foray.

Soo Hoo Khoon Yean, financial services partner of PricewaterhouseCoopers (PwC) Malaysia, told a press conference here on Wednesday that homegrown institutions were building significant region-wide platforms to seize opportunities in the broader Asia-Pacific market.

This was to compete against established global players, said Soo Hoo.

"As the Malaysian market gets more saturated, there will be increased demand for our larger local banking groups to pursue regional M&As.

"Accordingly, the ability for our local financial services institutions to support regional business will be the key," said Soo Hoo.

Soo Hoo said that regulatory changes would continue to shape the market during 2010, and new master plans were being brought to market for Malaysia and Thailand.

He also said that in Malaysia, there were a number of positive developments including the entry of new foreign banks into the country.

Meanwhile, Sridharan Nair, financial services partners of PricewaterhouseCoopers (PwC) Malaysia, said that the storm clouds engulfing the M&A markets previously were lifting, and significant increases in the breadth of deal activity were expected next year.

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