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.
The bank has responded to a global trend of increased investor demand for transparency and is expecting good pick-up in Asia.