Asia is the place to be, says ANZ’s Thursby

Looking at the opportunities for banking in the region, it’s clear that the relocation of the world’s economic growth to Asia is being matched by a shift in the centre of gravity for banking and financial services.

I see three key opportunities the accumulation of wealth in Asia, the use of the region’s surplus liquidity and the internationalisation of the renminbi.

As per capita incomes rise in Asia, the region will accumulate wealth at nearly twice the global rate. Overall, Asia will increase its share of global wealth to almost 20% in 2014. This will continue to expand and will be a source of funding for investment...