PGP has established a strategic alliance with East West Bancorp (Nasdaq: EWBC), the second largest full service commercial bank headquartered in Southern California and the largest ethnic banking institution in the United States.

As part of this alliance, East West Bancorp made a minority equity investment in PGP in September of 2007 and works with our firm on cross-border opportunities and potential asset management products.

The investment by East West Bancorp pairs two Los Angeles-based financial services institutions with substantial business interests in Asia and in the Asian-American communities and will help both organizations offer a broad mix of financial products and services that will be unique in the Southern California marketplace. It will also enable PGP to grow more quickly across all of our business lines, in part by providing significant resources to increase the size of our investment banking team.

A principal area of focus for this alliance is cross-border activities, in both directions: U.S. investment into Asia and Asian investment into North America. For PGP’s domestic clients, this expanded effort provides greater access to opportunities for investment in China and other parts of Asia, and a broader selection of potential Asian investors and buyers for their companies based in North America. For more information on our alliance with East West Bancorp, please read our press release. For information on East West Bancorp, please click here.