"Insatiable" demand for Asia fund firms causing bottleneck
A glut of regional and global asset managers have mapped out Asia and are on the lookout for targets, but lack of M&A opportunities is forcing them to become more pragmatic.
Demand from global and regional fund firms to build manufacturing capabilities in Asia has reached insatiable levels, but a bottleneck is building due to lack of supply, industry sources say.
A growing number of US, European and Asian houses have mapped out the region, know where the gaps are and are on the lookout for targets, says Richard Williamson, financial services lead advisory head for Asia Pacific at Ernst & Young.
But they are being thwarted because there are so fe…
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