Asian Prime Broker Growth

Asian Prime Broker

Asian Prime Broker Growth Trend

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Here is an interesting article about the growth of prime brokerage services in Asia. I didn't know that growth was so strong for these groups right now...

Citigroup expects the amount of assets serviced by its Asia Pacific prime brokerage arm to grow by more than 30 percent annually over the next three to five years, as more global hedge funds set up shop in the region.

Even with tumbling stock markets hammering Asia's hedge fund industry, many large international managers are doing more business in the region, drawn by its long-term potential, said Hannah Goodwin, head of Prime Finance, Asia Pacific for the U.S. banking giant.

"We're looking at a 30 to 50 percent growth every year," she told Reuters in an interview. "That's how aggressive we want to be with this business and how well we think this business is going to develop for us." Read more...

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