Deals
Barclays Unfazed by Deals Dip in Southeast Asia Banking Push
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Barclays Plc, undeterred by a drop in equity offerings in Southeast Asia last year, is expanding its investment bank in the region even as local rivals like CIMB Group Holdings Ltd. step up competition for deals.
The U.K.’s second-largest lender plans to add senior bankers in Singapore, Indonesia and Malaysia as part of a plan to double advisory revenue from Southeast Asia in two to three years, said Sandeep Pahwa, Barclays’s head of investment banking for the region.