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WHAT ROUTES TO GROWTH FOR FINANCIAL SERVICES FIRMS?

Executives look toward more acquisitions, alliances; creation of entrepreneurial culture

The financial services sector of the world economy has undergone significant changes in the last decade, particularly in the crossing of boundary lines between insurance, banking and securities dealing. Once, the term "financial services" was heterogeneous, encompassing those three businesses as separate industries. Today, those industries overlap and the term "financial services" is more homogenous. One of the primary reasons that banks, insurers and securities firms wanted to erase the boundary lines that existed between them was growth. In recent years, those sectors did experience growth by ...

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