Aberdeen’s McCole eyes fewer broker contacts
Aberdeen’s Asia head of equity dealing notes the difficulty of managing numerous sales trading relationships in the region, and flags changes he’d like to see in other areas.
The large number of broker relationships that buy-side traders must contend with is a big issue in Asia, and the situation doesn’t appear to be easing, say fund executives. That's despite a trend in recent years for broker-dealers to reduce the number of sales traders they have in each market.
For one brokerage that deals in 10 geographic markets, a buy-side trading desk is likely to deal with up to 10 individual contacts, notes Derek McCole, Asia-Pacific head of equity dealing at…
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