Mergers & acquisitions landscape and post-merger integration imperatives for the banking, financial services, and insurance firms of the Asia Pacific, Middle East, and Africa region
Although the COVID-19 pandemic disrupted the global business landscape, the Asia Pacific, Middle East, and Africa (APMEA) region remained relatively resilient and economically stable. However, the region’s business environment faces significant uncertainties. Factors like potential mutations of COVID-19, global supply chain disruptions and increasing crude oil prices still threaten APMEA’s economy.
Banking, financial services and insurance (BFSI) organizations in the APMEA region are focusing on building resilience to these unpredictable factors. Developing scale and digital capabilities have emerged as key strategic priorities to ensure operational efficiency and business-as-usual. With its ability to provide a swift path to desired changes, Mergers and Acquisitions (M&A) is arising as a corporate strategy of choice. However, to optimally leverage the benefits of an M&A deal, organizations need to ensure a seamless post-merger integration (PMI).
This article explores the current state of M&A activity in APMEA’s BFSI sector, the driving factors and a step-by-step approach that BFSI firms can implement to ensure a successful post-merger integration.
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In an earlier report, Wipro experts outlined the M&A landscape in capital markets and the role of IT in post-merger integration. M&As have become an integral part of corporate strategy for capital market players as they seek to diversify their offerings, achieve economies of scale and integrate new technology capabilities. However, Wipro found that most M&A transactions in the capital markets sector fail to generate value for stakeholders within the planned timelines – not because the acquisition isn’t strategically sound but because of suboptimal post-merger integration (PMI). To gain a deeper understanding of these issues, download the report.
Srivatsan Venkataramani
VP, Global Head of Core Processing Transformation Unit
Srivatsan is the Global Head of the Core Processing Transformation Unit. He leads all global engagements around banking products for Wipro and has deep domain knowledge, consulting and program management skills especially related to core banking. Recently, he led the due diligence for the acquisition of a niche Finastra services company and is the business head of that unit. He has over 26 years of experience working with Wipro, Oracle, and ICICI Bank across multiple engagements on the product side, covering all geographies.
Pradeep Agarwal
Capital Markets Insights Leader - Wipro Insights, and M&A Leader – Global BFSI Domain & Consulting
Pradeep is the Capital Markets Insights Leader at Wipro Insights and M&A Leader at Global BFSI Domain & Consulting. He has over 14 years of experience in the BFSI sector, working with Wipro, EY Transaction Advisory Services, HSBC Investment Banking, and Guggenheim Transparent Value. Pradeep is skilled in sector research, thought leadership, go-to-market strategies, strategy consulting, M&A origination, and execution. Pradeep has led and supported the execution of various BFSI M&A transactions at Wipro, including the acquisition of Capco, Wipro’s biggest acquisition to date.
Agam Sehgal
Assistant Manager, Wipro Insights – Securities & Capital Markets
Agam brings more than eight years of experience in the financial services sector, working with EY and PwC. He develops deep insights and writes thought leadership reports and whitepapers on the role of technology in the capital markets sector. He is skilled at strategy consulting, business development, capital advisory, M&A origination, and commercial due diligence.
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