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BANKING

Tanya Sirivedhin

Showing the new face of Asia

December 01, 1998

BANKING

Mohamed Taymour, Founding partner and chairman, EFG-Hermes

Mohamed Taymour was in the top 0.1% of high-school students in Egypt the year he graduated. At the time, engineering was the fashionable next step up the educational ladder. So to please his father and gain useful mathematical skills Taymour opted to study industrial engineering instead of of commerce, already his true love.

December 01, 1998

BANKING

Development Bank of Singapore

Time to build a banking empire

December 01, 1998

Wilbur Ross, Senior managing director, Rothschild NewYork

When three vulture funds voted down a settlement relating to bonds issued by failed bank Baring Brothers, it emerged that among their advisers was Wilbur Ross, senior managing director at Rothschild in New York.

December 01, 1998

Citigroup: The last days of Salomon Brothers

As the markets began to crumble around Wall Street executives in late August, former Salomon Brothers chairman and chief executive officer Deryck Maughan was in a good mood. "He seemed tickled pink that he had sold the firm a year earlier," says David Berry, an analyst at Keefe Bruyette & Woods, recalling a conversation with Maughan.

December 01, 1998

BANKING

Hong Kong: Let's learn about hedge funds

Hong Kong's financial secretary Donald Tsang, who successfully used market intervention to see off speculators, has warned his peers against overreacting to the threat posed by hedge funds.

November 01, 1998

High-Yield Bonds: Phoenix from the ashes?

Investment bankers devoted hefty resources in 1997 and 1998 to promoting and gearing up for a European high-yield bond market. Following the Russian crisis, it collapsed. But proponents of European junk won't let a catastrophic market crash deter them. They argue that plummeting values could be the market's making. Spreads that have widened beyond all economic justification have finally made high yield sexy for the end-investor.

November 01, 1998

BANKING

Thailand: Big buy-in boosts securities houses

Just a handful of finance and securities companies in Thailand remain independent after a year in which foreign players have virtually taken over. "It still takes some time for acquirers to get their feet under the table, but change it will," says Philip Adkins, research head at Seamico Securities, one of the few remaining independent brokers.

November 01, 1998

Poland restructures its pension system

Advised by the World Bank, Poland is reforming its pension system. If successful, the new pension structure could become a model for Western Europe. Isabel Vallejo reports

November 01, 1998

Jordan joins the fold

Dawn raiders turn into gentlemen

November 01, 1998

BANKING

Collateral damage

The near-collapse of several hedge funds, including Long-Term Capital Management, was a symptom of increasingly reckless market practices, particularly in the handling of collateral. Perhaps the shock will send banks back to revise their repo agreements and to look less at mark to market, more at potential future exposure. By Michelle Celarier.

November 01, 1998

For family and the state

Shielded from the full force of international competition, suckled by a government with a voracious appetite for debt, banking in Turkey has long been a very profitable business. But the country's big family-owned banks know this state of affairs can't last for ever. They are investing in technology and broadening their business mix. And any foreigner with a $2 billion appetite for Turkish risk might find a welcome in at least one bank boardroom. Metin Munir reports.

November 01, 1998

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