Southpaw: Deutsche aims big in Asia as investment banking battleground moves east
There was a time when a gold-plated Asian investment banking business was regarded as an advantage. In 2010 it will be essential, writes David Rothnie, with firms such as Deutsche and Barclays hiring in heavyweights and aiming for domination in the world’s most exciting growth markets.
Asian expansion is a strategic objective espoused at every Investor Day, and it was the turn of BNP Paribas this week. Alain Papiasse, who runs the French bank’s corporate and investment banking business, said the firm will build out in debt and equity capital markets and advisory throughout
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