Moving back to Aus - thoughts on Elite Boutiques in the APAC/Aus Region? e.g. Luminis Partners (EVR)

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My understanding is that the APAC Region is definitely a drop in the ocean revenue wise for many of the EU and US banks - as a result, the profile of what an EB is vs. BB in the APAC/Aus region might significantly differ to their usual status overseas. E.g. A Macquarie Bank in Aus > GS > DB etc. Or a Luminis Partners is up there competing directly with the UBS / CS of the Aus market. Love to hear some thoughts!

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