Espirito Santo is looking to expand its presence in India, as well as a strategy to grow the its global business along four areas: equity and debt capital markets, project finance, asset management and investment banking. This is seen as a significant step, as most global banks are currently scaling down their India operations, due to a thinning of deal flow. With its purchase of Haitong Securities for $466m, it has gained presence in the European, African, Brazilian and Indian markets.
Haitong Securities is looking to expand its presence in India, as well as a strategy to grow the its global business along four areas: equity and debt capital markets, project finance, asset management and investment banking. This is seen as a significant step, as most global banks are currently scaling down their India operations, due to a thinning of deal flow. With its purchase of Espirito Santo for $466m, it has gained presence in the European, African, Brazilian and Indian markets.