Quotes of the month

“The primary market has become our liquidity window, offering almost the only chance to put money to work in size. In the US high-grade market we started to see new issues coming through secondary trading levels last year. The primary market is no longer about gaining premium, it’s more about achieving your fill and getting a large quantity of money invested” Juan Landazabal of Deutsche Asset and Wealth Management explains how lack of liquidity in bond markets is driving the order frenzy in new issues 

“I saw dead people at Maidan. I took them in my arms, I closed the eyes of the dead with my own fingers. Even today, these memories hurt me and I have dreams about it every night” Stepan Kubiv has gone from protester to governor of Ukraine’s central bank in just a few weeks

“I fear for the west a bit. Western organizations have become incumbent models, and incumbency can lead to
non-reactiveness”
Alex Thursby, chief executive of National Bank of Abu Dhabi, sees an opportunity for banks from the Middle East and Asia

“One of the biggest challenges the world faces is inequality.