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A new competitive landscape is emerging as WTO led liberalisation takes effect and major international financial institutions are allowed to enter markets formerly protected by regulatory barriers. This development will be accompanied by the advent of specialist players targeting selected elements of the value chain. The developed markets have already witnessed product specialists taking substantial market share from traditional players. As competition intensifies, the position of successful financial institutions in the Emerging Markets and the Middle East will be jeopardised and the very survival of smaller players will be at stake. Consolidation is inevitable. Proactive financial institutions need to strengthen their positions through organic growth and through acquisitions. GBC’s objective is to assist our clients in
executing business strategies for this rapidly changing environment. |
