2008-04-06 12:08:09 - Lehman Brothers, the fourth-largest investment bank in the US will continue to invest in Asia despite facing tough market conditions on its home soil in the United States, says the US investment bank's chief financial officer for Asia-Pacific.

"We think that the growth opportunities in Asia are more attractive than the growth opportunities in other regions," said Enrico Corsalini.

One likely area of growth is cross-border merger and acquisition deals, he suggested. The weakening US dollar and the strength of Asian economies such as China may spur more foreign acquisitions by cash-rich Asian companies.

His remarks came just

one day after the New York-based investment bank announced that it would raise US$4 billion in fresh capital by selling convertible preferred shares.

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