“Survival of the Fittest – and the biggest” must surely be the mantra of the Asian custody business even more so than for the rest of the region’s banking industry. Custodians worldwide are battling with wafer-thin margins on their traditional safe-keeping and clearing and settlement business, but for Asian bankers there is the additional challenge of convincing ultra price-conscious regional clients of the benefits of value-added services.
“This is a volume business, and it is a system automation oriented business.
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