Golden chains
Article Abstract:
Global custodians have entered some Asian markets directly, but they frequently decide instead to appoint local sub-custodians. They usually opt for the local branch of their own bank, or for that of another major international bank. Regional banks are seeking appointments as sub-custodial agents but, generally, they do have sufficiently sophisticated systems, and there may be doubts concerning their creditworthiness. Some analysts believe that the sub-custodian network will experience the same sort of consolidation as has occurred in global custody services.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Portfolio picks: fund managers take a stand
Article Abstract:
Stella Yiu of HSBC Asset Mgmt and BT Fund Managers' Paul O'Donnell each recommended six to ten Asian stocks for the third quarter of 1995. HSBC suggests Hutchison Whampoa, Dao Heng Bank, United Overseas Bank (Foreign), Renong, Ban Pu Coal, Darya Varia Laboratoria, and Philippine Long Distance Telephone. BT proposes HSBC Holdings, ASM Pacific Technology, Gudang Garam, Cathay Pacific Airways, Tokio Marine & Fire Ins, Carlsberg Brewery, Malaysia Mining, New Straits Times Press, PLDT, and Development Bank of Singapore.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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