Many financial firms are taking renewed interest in Asia thanks to its recovering economies. Morrison & Foerster, a leading Capital Markets firm in Asia, recently opened its fifth office in the region. The new Singapore branch will be headed by Eric Piesner, managing partner for Asia and head of the real estate practice for the firm.
Mr. Piesner said:
“Many of our clients are looking to Southeast Asia and South Asia as significant growth markets. As they expand their businesses in those regions, we want to be positioned to assist them. Singapore is the ideal location from which to do that. We already have a substantial base of business with a Singapore nexus, including clients with M&A, real estate, project finance, dispute resolution, TMT, private equity and tax needs. We see our presence in Singapore as an opportunity to further help clients in these and other areas.”
Larren M. Nashelsky, Chair of Morrison & Foerster, added:
“Singapore is a highly attractive commercial environment and a magnet for global brands doing business across Asia. We are excited to establish an on-the-ground presence to facilitate our efforts to help clients pursue the many opportunities the city-state presents to them in Singapore and throughout Southeast Asia and South Asia.”
Morrison & Foerster is not the only firm to see the potential in Southeast Asia. Investment companies have been monitoring the region’s trends as its economies continue to grow in 2013.
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