HedgeSPA CEO 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.
Channel NewsAsia – Jun 21, 2012