Fund firms need narrower focus in Asia, says Casey Quirk
A widely diversified business model in Asia is too costly for most asset managers amid rising costs and competition, argues the consultancy: they must allocate resources better.
Western asset managers often fail to achieve a profitable business in Asia because they spread themselves too thinly, says Daniel Celeghin, head of wealth management strategy for Asia-Pacific at consultancy Casey Quirk. A more measured, targeted regional strategy is called for.
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