Morgan Stanley has a robust deal pipeline next year in terms of mergers, acquisitions, and IPOs, its Co-Head of Investment Banking, Mohit Assomull, reported on Wednesday.
Assomull stated on a panel at the Reuters NEXT conference in New York that across industries, M&A pipelines are generally in a healthy state, especially in technology, healthcare, industrials, and financials, for being actively pursued.
He added that the economic backdrop for deals is also favorable. Assomull also indicated that the pro-growth policies of the Trump administration will also lead to consolidation within the financial sector.
He stated that “We do expect to have more bank-related M&A over the next few years, for many reasons.” Those factors involve a more friendly regulatory environment, and lenders are required to raise their scale.
He noted that in terms of artificial intelligence, they have been more “discerning” about financing companies. Morgan Stanley surpassed third-quarter earnings expectations with a dealmaking boom that led to the highest revenue.
Thus, the bank’s finance chief claimed in October that the investment banking pipeline of the bank was at “all-time highs.”
