Cardell Company HK Strategist George Mattison leads a panel discussion about “Investment Strategies for Asia Pacific Region: Managing Risks from Disruption in Capital Markets” to Business Leaders at the 2014 Hong Kong Investments and Capital Markets Conference.
“The risk of disruptions in the global capital markets poses yet another challenge for emerging market economies and their banks as capital markets adjust to changes in US monetary policy,” says George. “The favorable long-term outlook for economic growth in the emerging markets and prospects for increased portfolio allocations to the emerging markets sector remain intact. However, short-term swings in capital flows could stress the liquidity position of banks in small and middle-sized emerging markets which are closely correlated to their sovereign.” George Mattison adds, “The Management and Boards of emerging market companies would be well served to develop strategic funding plans to anticipate a disorderly economic adjustment scenario. In addition to arranging interbank lines of credit, emerging market banks should set in place asset backed funding programs which they could tap in less than favorable new issuance markets. Recurring inflows of offshore financial payments in major currencies are one potential source of security for banks to leverage. Structures such as Depository Payment Rights securitizations have performed through multiple international debt crises and a broad universe of institutional investors has experience with this asset class.”
George Mattison is a Senior Strategist and Asset Management Executive at Cardell Company in Hong Kong (www.cardell-limited.com), where he advises his institutional clients on corporate and capital markets strategy. Previously he managed global bank fixed income investments at Chase Manhattan in the Earlier in his career he was Portfolio Manager in various financial advisory companies and banks in Asia and US. He holds a BA degree in Business Finance from Michigan University and a MBA from Harvard Business School.
Via EPR Network
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