Australia and Asia: One can't do without the other

The business integration of Australia into Asia has moved from moribund to active -- Macquarie has moved in and FinanceAsia has covered it.

Australia and Asia: One can't do without the other
Andrew Low

When ING put the Barings Asia stockbroking business up for sale at the end of 2003 there wasn't much interest. The business had seen better days and the Asian investment banking market remained subdued, several years after the regional crisis. Asia ex-Australia represented less than a fifth of global market capitalisation and less than a quarter of equity capital raised in 2003.

There were few examples of companies successfully expanding from Australia into Asia and a move to Hong Kong...

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