The decline of the family bank

Michael Tan, the head of FIG at CSFB talks about this and other issues.

Finance Asia Do you think we are seeing a trend away from family-owned banks in Asia

Michael Tan There's a broad movement away from that type of structure, particularly as the next generation gets a little older. The desire by that generation to own and operate a bank has diminished. There's a generational shift. That's a net positive, in terms of the way banks are managed around the region. Having said that, when you look at the performance of Asian banks, in many ways they've performed adequately and some exceptionally, even with the family structures. The primary area where there will be a benefit is the fact that major strategic decisions such as M...

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