The Champions League of investment banking
AS THE 2007 investment banking season gets under way the key managers in charge of marshalling the leading firms’ resources and directing strategy teams face serious challenges and uncertainties that will govern their success.
So how should managers position for the year ahead? All will be thinking about the need to invest in areas that have driven growth during 2006 and other recent years. Conditions have been benign until now – but nothing lasts for ever.
“The chances of an equity market correction are far greater than zero, the chances of something happening to the yield curve is also significant. The chances of a hiccup in the emerging markets, where there has been so much additional investment, are also significant. The chances of the credit cycle turning, and some of the credit portfolios becoming more difficult to manage, are significant. My sense is that...
