Many of Asia's domestic brokers have built profitable local businesses in the years following the crisis. But unlike the international investment banks, they have remained steadfastly local. However, there are now signs that is about to change.
Indeed, two of Asia's most dynamic financial services firms are set to announce a strategic alliance that may signal the shape of things to come. Korea's number one broker, Samsung Securities is hooking up with Taiwan's Fubon Securities to cross-market their respective local research and combine their domestic execution skills.
Indeed, with the similarities in Korea and Taiwan's economic structure, particularly in the tech sector, an alliance based on these two broking markets makes...
