Deutsche Bank's Asia Pacific head of global cash management, Jimmy Yap, talks to FinanceAsia about current challenges for companies operating in the region, and discusses the trials of offering cash management services in China.
How's business
Yap Despite the tough economic conditions, our business has actually grown in volume terms. Transaction volumes for last year were 24% higher than the previous year which shows that customers are still buying cash management products. Most of this growth is in increased market share rather than organic growth. Our profitability is also up and this is despite reporting our earnings in euro. Even though the euro has been strong, our results have been...
