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Avendus to offer investment banking services from Singapore
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Reuters report said citing an industry source familiar with Avendus’ plans. The company employs about 150 bankers in India.
As per the Venture Intelligence data, Avendus was the top advisor in India for private equity deals in 2022, advising on 37 deals worth $7 billion. The Indian financial services firm competes with larger rivals such as Morgan Stanley and Goldman Sachs.
Southeast Asia is on the mind of investors who are seeking exposure to the emerging market as the region is witnessing strong economic growth and consolidation in some sectors. Companies such as ride-hailers Grab and GoTo have already clocked multibillion dollar valuations."Exciting news! Mint is now on WhatsApp Channels
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