Research fellow at ITI@SMU and CEO of HedgeSPA Bernard Lee said: "What you are seeing is a fairly impressive growth since 2008 when some of the prime brokers in the US are basically running into problems, and then you have a wave of relocation - because of various regulatory concerns from Europe - to various jurisdictions like Singapore and Hong Kong.” Mr Lee was commenting on the business growth among brokers who help asset management firms manage counter-party risk.
Source
Channel NewsAsia
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