A Tale of Three Cities

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Peter Hughes writes: In positioning Apex offices in the places where fund administration is still a young industry we get first mover advantage. This isn’t easy, as these places are hard to find, their financial infrastructure is still being developed and some don’t yet realise the importance of independent valuations for the development of a financial services industry.

There are three cities where these opportunities exist. They are affluent cities that are opening their economies to inward financial investment from Western institutions. The financial crisis has meant that closed, wealthy economies are now looking for additional capital.

There are changing regulations to encourage capital inflows and it is only by being based locally can businesses adapt fully to take advantage of opportunities that may arise but also to shape the developing of the financial services in a way that follows international best practise.

These cities are Riyadh, Moscow and Shanghai. Three big, growing and exciting cities but with difficult infrastructure and regulatory environments to negotiate. They may all have different languages and cultures but they have one thing in common – boundless opportunities for those with the patience and persistence to wait for them.

PH

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