Citi Braces for Busy Spell for Financial Sponsors Deals in Asia

Citigroup Inc.is bulking up its investment banking franchise that looks after financial sponsors as deal activity increases and firms seek to deploy capital.

A resurgence in mergers and acquisitions, including deals led by private equity, has fueled a boom in Japan, while India is a solid hunting ground for PE firms and Australia is off to a stronger start to the year too, according to the bank.

“Global financial sponsors are a key pillar of dealmaking,” said Ashu Khullar, Citi’s head of global asset managers. “From private equity to infrastructure to credit, alternative asset managers are once again ...