Search for scale drives M&A

Competition is pressuring private banks to seek economies of scale. Silvia Pavoni looks at the latest research on consolidation and expansion opportunities around the world, and at what bigger banks can offer their wealthy clients.

by Silvia Pavoni

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With its booming economy, Asia-Pacific is the place to be for all banking players, including private bankers. This at least is the result of a KPMG survey on the global private banking market, investigating what drives acquisitions.

Figures from the survey show that acquisitions were up 26% in 2005 compared with the previous year. Planned acquisition activity over the next three years also looks promising.

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Silvia Pavoni

Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.