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By Chew Soon Gek, CFA

Global

When WestLB put the venerable but slightly dishevelled corporate broker Panmure Gordon up for sale in January 2004 it was probably rather surprised to find 35 bidders competing for the toy it had got bored with.

Of the 10 countries to join the EU last month, Poland, Hungary and the Czech Republic have been identified as offering the most opportunities for wealth managers. According to a report by Datamonitor, the relatively high national savings ratios in the three countries offer an encouraging sign to banks looking at entering the wealth management sector in central and eastern Europe. "In comparison to the UK, with a national saving ratio of 13.1%, individuals in all three countries save, on average, a far greater proportion of their disposable income," says the report.

Continuous Linked Settlement (CLS), the electronic settlement network for foreign exchange, is handling a growing proportion of transactions globally, according to a new report.

Six years of haggling came to an end last month when Russia and the EU finally signed off on a bilateral trade agreement that clears away a major obstacle in Russia?s efforts to join the World Trade Organization.

Client Profile: UK resident and domiciled

By Chinatrust Commercial Bank - Asset Management Team

By Fiona Maharg Bravo

By Durraj Tase, Head of Capital Markets

The publication of Turkey's first set of corporate governance guidelines and plans for a new index on the ISE measuring compliance are encouraging. But the high level of family ownership is an impediment to good practice.