Asset owners in Asia have exhibited varying degrees of using technology solutions in their middle and back office operations, but looming regulations could accelerate such adoption.
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.
HSBC becomes the latest global custodian to offer broker outsourcing services to top-tier broker-dealers. But some analysts say smaller brokers would gain more from these services.
Eddy Tai joins the Swiss private bank to help develop Singapore as a back-office hub for Asia and the Middle East.