“Yup, that’s a pivot to Asia!”
An HSBC insider reacts to news that Mark Tucker, chief executive of Hong Kong-based insurer AIA, will be the next chairman of the bank
“If the German finance ministry could put a super-tax on traders, they would. They don’t want capital markets people in Frankfurt”
A senior European banker doubts Germany wants too large a slice of the European markets pie in its financial centre
“Private bankers used to be like the bullied kid in the playground”
This wealth manager is pleased with the ascendancy of the division in his bank, but doesn’t have fond memories of when investment bankers ruled the roost
“The dirtier the money their parents made, the more the millennials that are inheriting it want it to go to good causes”
Are the next generation of the wealthy looking to clean their consciences with their focus on impact investing, as this chief investment officer suggests?
“The idea that European capital markets union somehow depends on London is false. The notion that a Dutch or Spanish company won’t be able to fund in the bond markets because of Brexit is laughable. The shift in how European companies fund themselves from banks to capital markets will continue”
This London-based investment banker admits his view is a minority one inside his own shop, but it’s a reasonably influential one. He is the boss