Banking in Asia: The End of Entitlement - Hardcover

Casserley, Dominic; Gibb, Greg; The Financial Institutions Team

 
9780471831921: Banking in Asia: The End of Entitlement

Synopsis

Banking in Asia: The End of Entitlement The late 1990s has seen a turning point in Asian banking. The golden days of easy money and booming profits have come to an abrupt end. What was effectively the age of entitlement in Asia banking is over, and a new era is about to begin. Asia′s new banking environment will see a revamped financial industry requiring fresh formulas for success, resulting in a new competitive balance among domestic and global players. This remarkably detailed analysis, drawing on the authors′ years of work with leading local and international commercial and investment banks in the region, highlights the long–term challenges, opportunities, and changes which will shape Asian banking well into the first decade of the 21st century. The 21st century is often positioned as "the Pacific Century". Without an effective and efficient banking industry in Asia, it will be no such thing. Covering major businesses and banking markets in Asia, highlights include:
∗ Corporate Banking: Big Profits Among the Risks
∗ Investment Banking: No Escape from Global Trends
∗ Trading in Asia: Back to the Basics
∗ Private Banking: A Miracle for a Few
∗ Japan: Modernizing the System, Mobilizing the Wealth
∗ China: Sustaining a Careful Balance
For anyone involved in the future of Asian banking, this should be a compulsory read.

"synopsis" may belong to another edition of this title.

About the Author

DOMINIC CASSERLEY is a director of McKinsey & Company, based in Hong Kong. During his 16 years as a management consultant, he has helped financial services clients around the world address their most pressing strategic, organizational, and operational challenges. He has worked in Asia since 1994, serving multinational and local commercial banks, investment banks, and insurance companies. He is the author of Facing Up to the Risks: How Financial Institutions Can Survive and Prosper, which was published in 1991 in the U.S. and subsequently in Japan, Korea and China.

GREG GIBB, a senior consultant with McKinsey & Company′s Hong Kong office, has served financial institutions in Asia and the U.S. since 1992. He has worked extensively with leading family–owned, regional commercial, and global investment banks to design and execute strategies tailored in Asia.

From the Back Cover

Banking in Asia: The End of Entitlement The late 1990s has seen a turning point in Asian banking. The golden days of easy money and booming profits have come to an abrupt end. What was effectively the age of entitlement in Asia banking is over, and a new era is about to begin. Asia′s new banking environment will see a revamped financial industry requiring fresh formulas for success, resulting in a new competitive balance among domestic and global players. This remarkably detailed analysis, drawing on the authors′ years of work with leading local and international commercial and investment banks in the region, highlights the long–term challenges, opportunities, and changes which will shape Asian banking well into the first decade of the 21st century. The 21st century is often positioned as "the Pacific Century". Without an effective and efficient banking industry in Asia, it will be no such thing. Covering major businesses and banking markets in Asia, highlights include:
∗ Corporate Banking: Big Profits Among the Risks
∗ Investment Banking: No Escape from Global Trends
∗ Trading in Asia: Back to the Basics
∗ Private Banking: A Miracle for a Few
∗ Japan: Modernizing the System, Mobilizing the Wealth
∗ China: Sustaining a Careful Balance
For anyone involved in the future of Asian banking, this should be a compulsory read.

From the Inside Flap

Banking in Asia is remarkably detailed analysis of Asia′s banking systems that highlights the long–term challenges, opportunities, and changes that will shape Asian banking well into the first decade of the 21st century. Contents include: Part I: New Challenges in Asia
∗ The End of Entitlement
∗ No Asia, Just Asian Markets
Part II: Winning in Key Businesses
∗ Corporate Banking: Big Profits Among the Risks
∗ Investment Banking: No Escape from Global Trends
∗ Asset Management: Positioning for Profits
∗ Private Banking: A Miracle for a Few
∗ Retail Banking: The Masses Will Enrich Many
Part III: Winning in Key Countries
∗ Hong Kong and Singapore: Managed Consolidation
∗ Taiwan: Focusing for Victory
∗ Southeast Asia′s Big Four: Reinventing for the 21st Century
∗ Japan: Modernizing the System, Mobilizing the Wealth
∗ Korea: A New Order in the Making
∗ China: Sustaining a Careful Balance
∗ India: Struggle for Freedom
Part IV: Conclusion
∗ Building Winners in the New Asian Markets

"About this title" may belong to another edition of this title.