Wed, May 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Greenwich finds that Asian banks are gaining ground on global rivals

Thursday, April 25, 2013

Beverly Chandler, Opalesque London: In their latest report entitled Asian companies forge new ties with local banks, Greenwich Associates finds that Asian banks are gaining ground on their global rivals by stepping up their service quality in corporate banking and by stepping in to fill the void left by retrenching foreign European banks.

The firm finds that the global financial crisis and its aftermath have presented Asian banks with a unique opportunity. "The European banks that have traditionally claimed corporate banking and cash management relationships with large Asian companies have come under pressure from balance-sheet constraints and from difficulties in securing U.S.-dollar wholesale funding. This combination of challenges has led some global banks — including banks that in the past maintained a commanding presence in the Asian marketplace — to narrow their Asian strategies and to cut back on the resources they commit to the region."

Asian banks are closing the quality gap in corporate banking and cash management according to Greenwich. Over the past few years Greenwich Associates research has documented Asian banks’ success in exploiting this opportunity and they have found that Asian banks are making significant investments in talent and technology. "As a result, at a time when some foreign banks have given Asian companies ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Avenue Capital raises $700m for new energy hedge fund[more]

    Komfie Manalo, Opalesque Asia: Global hedge fund Avenue Capital Group, which manages $13bn in assets as at end March, reported that it raised an additional $700m for a new energy fund that it plans to launch in May. Avenue Ca

  2. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  3. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  4. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

  5. Aberdeen Asset Management suffers high emerging market outflows[more]

    From FT.com: Investors withdrew billions of pounds from Aberdeen Asset Management as money continued to drain from Europe’s largest independent investment group because of worries over emerging markets. Net outflows for the six months to the end of March rose to £11.3bn, higher than market expectati

 

banner