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“Asia is now around a third of our business and that’s been driven mainly by China demand” Rishi Khosla, Copal Partners |
Investment banks are looking to outsource more skill-intensive functions such as equity research and deal advisory, with Asia driving the trend as banks seek to keep pace with demand while controlling costs. Rishi Khosla, chief executive of Copal Partners, says that when his firm began providing outsourced investment banking support services in 2002 Asia contributed a single-digit percentage of total business.
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