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State Street's FX business thrives despite competition from global banks

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"Our pool of clients in APAC has grown by 25 per cent over the past five years, and we have also continued to diversify into other non- traditional institutional client segments, such as insurance companies and security houses." - Mr Quek

Singapore

STATE Street Global Markets has a thriving foreign exchange business in Asia, competing head-on with the major banks.

Better known as one of the world's largest fund houses, Boston-based State Street is also a serious foreign exchange (FX)

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