ICICI Securities Ties Up With Japanese I-Bank GCA Savvian Corporation

Duo To Co-operate For Indo-Japanese M&A Deals

The investment banking subsidiary of ICICI Bank has tied up with Tokyo Stock Exchange-listed GCA Savvian in a bid to co-operate on possible mergers and acquisition transactions involving India and Japanese companies.

The two entities will steer deals towards each other, leveraging expertise in their respective jurisdictions, according to company officials.

Akihiro Watanabe, Representative Director, GCA Savvian Corporation suggested that ICICI’s corporate reach will be a positive.

 “We are very excited to partner with ICICI Securities. Their long standing track record in India combined with unparalleled reach into corporations across India will be very well received by our Japanese clients. Together we can grow our cross-border M&A footprint,” he said.

Anup Bagchi, Managing Director and Chief Executive Officer, ICICI Securities Ltd said that the partnership would help establish a footprint in Japan.

“This is a great opportunity for both ICICI Securities and GCA Savvian. We believe that this strategic alliance will help us gain entry in Japan, which is one of the leading nations in the world looking for acquisition opportunities in India, as well as broaden ICICI Securities’ global footprint. GCA Savvian has extensive expertise in deal execution and industry knowledge. The partnership will help us leverage our combined strong knowledge of local markets and long-standing corporate relationships to provide high-quality advice and grow cross-border M&A opportunities for our clients,” he said.