The ASEAN region accounts for the world’s third-largest consumer base and a 3.2 percent share of global gross domestic product. A proportion that is set to rise in the coming years, driven by rising cross-border trade, strong build-out of new infrastructure and rapid digitisation. Further, the creation of the ASEAN Economic Community (AEC) will provide an added impetus for growth.
Against this backdrop, ASEAN is vital to the future success of the UK-based financial and related professional services (FRPS) industry. In Accenture’s view, there are clear opportunity areas where the UK FRPS industry can leverage its existing advantages most effectively.
It is important to assess and prioritise these opportunities in light of the specific context, competitive environment and potential barriers that apply in each case.