The emerging markets are still big opportunities for the securities players and as a result Asia is still seen as growth area versus the other regions.
As a technology leader within this sector, Kalyanswamy is very focused on the company's current cost base. He admits that most banks are still in recovery mode after the traumatic market changes in the last year and the bank is striving to find a cost and operating model that will provide sustainable profits.
"We must find a model that delivers more than just one year of profit and that requires moving away from the big boom and bust investment cycle," he noted. "We are rethinking operating models and looking beyond just making simple cuts but look to create an efficient and dynamic cost base that allows the bank to perform at optimal efficiency at all times and be able to scale when markets dictate," Kalyanswamy added.
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