According to a global study by strategic advisory and analyst firm Aite Group and SunGard, asset managers and asset servicers are struggling to manage new levels of pressure on their middle- and back-office operations.
In terms of which emerging markets offer value at present, Wade remarked that he is concerned about China, and the need for ‘parts of the economy to rein in debt levels’
Chinese structured product offerings dropped by the most in six months in June after the government put in place measures to curb the shadow-banking industry, restricting issuers’ ability to sell the investments.
In land-scarce Singapore, real estate is king. That is why Philip Ng, CEO of Far East Organization, is the richest man in the Southeast Asian city-state with an estimated net worth of US$5.2 billion, according to a Wealth-X list of the top 10 Singapore-b