Asia seen as future for global business leaders

ABS-CBN News

Posted at Jun 13 2019 12:24 PM | Updated as of Jun 13 2019 02:10 PM

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MANILA -- Big companies should look to Asia when recruiting new leaders, with the continent tipped to host 67 percent of the world's middle class by 2030, an analyst said Thursday.

Asians are underrepresented, accounting for 8 percent of the top leadership posts in the US and 2 percent in Europe, said Elisa Mallis managing director and vice president for Asia Pacific at the Center for Creative Leadership.

"The future is Asian," Mallis told ANC's Market Edge. "Rather than preparing to have an Asian advantage, they're at a disadvantage to win in Asia," she said.