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Goldman Sachs, Morgan Stanley CEOs see more dealmaking in 2025

Published 10/29/2024, 12:09 PM
Updated 10/29/2024, 01:25 PM
© Reuters. FILE PHOTO: Goldman Sachs CEO David Solomon gestures during the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., May 22, 2024. REUTERS/Mark Stockwell/File Photo
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LONDON (Reuters) - The CEOs of Goldman Sachs and Morgan Stanley said on Tuesday they expected corporate dealmaking to pick up in 2025, while the CEO of Apollo Global Management (NYSE:APO) said he expected a presidential victory by Donald Trump would spur more deals.

© Reuters. FILE PHOTO: Goldman Sachs CEO David Solomon gestures during the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., May 22, 2024. REUTERS/Mark Stockwell/File Photo

Ted Pick, CEO, Morgan Stanley, told a panel debate at the Future Investment Initiative (FII) conference in Riyadh that the increase in activity would "be a global phenomenon", with bigger companies going public. Goldman boss David Solomon said on the same panel he also expected more robust activity next year.

Apollo Global Management CEO Marc Rowan said a Donald Trump victory in the upcoming U.S. presidential election would free up merger and acquisition activity and lead to investment liberalisation.

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