Many commentators have predicted that this century will belong to Asia, so it would seem natural that the region's big banks start to make waves globally.
Recent months have seen a barrage of deals by financial groups including Australia's Macquarie Group and Japan's Nomura, which attest to the global ambitions of banking executives in the Asia-Pacific region.
Macquarie recently acquired Fox-Pitt Kelton Cochran Caronia Waller, the boutique investment bank with deep links in New York and London, and Delaware Investments, a US funds group with $150bn in assets under management.
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