Opening-Up Australia’s Financial Services Industry

Breaking barriers and creating opportunities

BEN BENSON, SPECIAL COUNSEL and ELIZABETH HASTILOW, PARTNER, K&L GATES
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Australia’s financial services sector sits at the core of its economy. With around $2.5 trillion in assets managed from Australia, its investment management market is ranked the fourth largest in the world and the largest in the Asia-Pacific region. However, considering less than 5% of those assets represent funds sourced from overseas, the industry could be viewed as relatively insular. In recent years participants and the government alike have recognised the benefits of opening up the...

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