The Quiet Expansions: US Firms Redefine Their Role in Asia Amid Turbulence US financial institutions Citigroup and Invesco have announced significant expansions in Asia, underscoring their commitment to the region despite growing geopolitical uncertainties.
These developments represent a fundamental shift in the role of these firms within the Asian economic landscape.
The recent announcement by Citi to boost its headcount by 25% on its north Asia desk is particularly noteworthy.