In the second of two articles on the impact of Europe's incoming Mifid II rules, which will affect how fund managers pay for research, bank teams are seen to be under threat.
Tag : unbundling
First State Stewart Asia has changed its approach to paying for research, in an early indication that asset managers in the region will not be immune from looming EU rules.
The lack of a regulatory push and the difficulty of pricing research mean the proliferation of best execution for buyside traders is taking time to take root in this region.
Glenn Lesko has moved to Hong Kong to run InstinetÆs regional business on expectations that buy-side traders will use more execution-only services.
