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Sovereign wealth funds

Sovereign wealth funds

An in-depth look at the state-owned sovereign wealth funds that dominate the attention of the world's financial markets

June 2000

Joseph Schell


Head of global technology banking, Merrill Lynch




The day after he resigned from his position as head of investment banking at Bank of America Securities, Joseph Schell got a telephone call. It was from Dycom Industries, one of the leading providers of engineering and construction support for the cable and telecoms industry. Schell had been their banker for over Wve years, and was now being asked if he would like to join its board.
Schell accepted, as he did the oVer of a seat on the board at two other companies he had worked closely with over the years, Samina Corporation and consumer electronics firm Good Guys.

These three positions were meant to be it as far as work was concerned. He was also looking forward to devoting more time to the home...


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