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Asia turmoil seen stalling broker expansion

Georgina Lee
Turbulence in Asian emerging markets has dampened broker-dealer interest in expanding into the region, says Citi's global head of direct custody and clearing.
Asia turmoil seen stalling broker expansion

The recent turmoil in Asian emerging markets has led some broker-dealers to put expansion decisions on hold and thereby affected uptake of the Citi-UBS post-trade platform launched in Asia in late 2012, says a senior Citi executive. 

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