NEW YORK, Dec 3 (Reuters) – Morgan Stanley (MS.N), opens new tab is seeing a strong deal pipeline next year for mergers, acquisitions and IPOs, its co-head of investment banking, Mo Assomull, said on Wednesday.
M&A pipelines are broadly healthy across sectors, with technology, healthcare, industrials and financials being particularly active, he said on a panel at the Reuters NEXT conference in New York. The economic backdrop for deals is also supportive, he added.
The Trump administration’s pro-growth stance is also expected to spur consolidation in the financial sector, Assomull said.
“We do expect to have more banks-related M&A over the next few years, for many reasons,” he said. Those reasons include a more friendly regulatory environment and lenders’ need to increase their scale.
Regarding artificial intelligence, investors and lenders have become more “discerning” about financing companies in the space, he said.
Morgan Stanley’s profit beat estimates in the third quarter as a surge in dealmaking drove revenue to records. The bank’s finance chief said in October that its investment banking pipeline was at “all-time highs.”
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Reporting by Lananh Nguyen and Tatiana Bautzer in New York; Editing by Chris Reese and Matthew Lewis
Tatiana Bautzer is a U.S. banking correspondent at Reuters in New York. She previously covered banks in Brazil, breaking news on deals by major global corporations, initial public offerings and bankruptcies. She has also delved into corruption scandals at Brazilian conglomerates and business disputes between billionaires. Prior to joining Reuters in 2015, Bautzer worked for business magazines Exame and Istoe Dinheiro and newspapers Valor Economico and O Estado de S. Paulo. She previously served as international correspondent for Valor Economico in Washington, D.C., covering multilateral institutions and trade. Bautzer holds a B.A. in Journalism and an MBA from the University of Sao Paulo.
Lananh Nguyen is the U.S. finance editor at Reuters in New York, leading coverage of U.S. banks. She joined Reuters in 2022 after reporting on Wall Street at The New York Times. Lananh spent more than a decade at Bloomberg News in New York and London, where she wrote extensively about banking and financial markets, and she previously worked at Dow Jones Newswires/The Wall Street Journal. Lananh holds a B.A. in political science from Tufts University and an M.Sc. in finance and economic policy from the University of London.
