Peter Burnett: hub and spokes no longer works

Investment banks need to localise their operations if they want to be successful says Peter Burnett, Standard Chartered’s head of North Asia corporate finance.

In an interview to mark FinanceAsia’s 20^th anniversary, Burnett says it is no longer enough to import outside experts and believes the Chinese banks will be able to successfully internationalise their operations over the next couple of decades.

Burnett is an old Asia hand with longstanding experience in Asian equity markets particularly during the early days of China’s privatisation programme and through the restructuring of Korea Inc following the Asian Financial Crisis.

As head of Asian equity...