Asian asset managers widening outlook, says RBC Dexia

Asian asset managers are setting their sights on expanding outside their home borders, while overseas funds are looking to gain a foothold in the region, says Bill Gourlay, head of RBC Dexia’s global product strategy for the fund management sector. RBC Dexia, a 50-50 joint venture between Royal Bank of Canada and Europe’s Dexia Group, provides custody, transfer agency and fund administration services, among other things. Asia accounts for about 5% of the firm’s global sales, leavi…