China asset managers tipped to spark Asian M&A spree

Asian asset managers will resort to acquisitions soon as growth ambitions overtake organic patience, believes Gerard Lee, CEO of Lion Global Investors. He was referring particularly to Chinese firms, which have been setting up offices in Hong Kong in increasing numbers in a drive to build their non-Chinese capabilities. “I contend that they will find growing organically very slow,” Lee countered in a panel discussion on the regional and global growth ambitions of Asian asset man…