Asia’s economic transformation over the last quarter century has been phenomenal. Securities services, alongside asset management, have developed from infancy to prosperity in step with the growth of wealth in the region.
This book delves into this amazing history by reviewing 25 key developments in the region as the financial industry evolves from the physical to the electronic age and is now poised for digital transformation going into the future.
Author, Lawrence Au, is a recognised pioneer and thought-leader in Asia’s securities services industry since its nascent development in the early 1990s. He was the former leader of several leading banks’ securities services businesses and was the driving force behind establishing their businesses from the ground up on their journeys to becoming market leaders in the region. He published his first book “Asia’s Financial Industry 1986-2016” in 2016, which captures memorable episodes and events of the region’s financial industry over those four decades.
Here he takes us on a journey to review how the region has integrated into the global financial system and adapted to changes in technology and investor needs – from infrastructure, buy-side and sell-side services, through to cross-border investments and fund services, as it navigates changes in operations and technology.