‘Malaysia pro­vides op­por­tu­nity for ag­gres­sive ex­pan­sion’

New Straits Times - - Business -

KUALA LUMPUR: Malaysia pro­vides an ex­cel­lent op­por­tu­nity for Bloomberg LP to ex­pand its in­vest­ments more ag­gres­sively, said chair­man Peter T. Grauer.

The tech­nol­ogy shifts in the fi­nan­cial mar­kets and the elec­tron­i­fi­ca­tion of mar­kets have kept the global busi­ness and fi­nan­cial in­for­ma­tion and news leader very much in­ter­ested in Malaysia.

“Mar­kets have be­come more ef­fi­cient and that in­cludes the cen­tral bank and key banks which op­er­ate in the in­ter­bank mar­ket on a daily ba­sis,” he said.

That aside, it is also the as­set man­age­ment com­mu­nity which presents a unique op­por­tu­nity.

“If you look at our busi­ness mix, 52 per cent is on the ‘sell’ side (banks and bro­ker­age firms) while 48 per cent is on the ‘buy’ side, which are hedge funds, cor­po­ra­tions, gov­ern­ment agen­cies, in­sti­tu­tional in­vest­ment firms and small as­set man­age­ment firms.”

For Grauer, Malaysia pro­vides a big op­por­tu­nity in both the “sell” and the “buy” side.

“So you can count on us con­tin­u­ing to be quite ag­gres­sive in how we in­vest in the mar­ket lo­cally.”

Its swanky of­fice in Petronas Tower 3, here, marked the com­pany’s em­pha­sis on brand­ing, he added.

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