Bi-annual survey monitoring political and economic stability of 185 sovereign countries
Testing times in the search for alpha
January 2008
by Alex Chambers and Jethro Wookey
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Rob Joliffe, head of debt capital markets at RBS, is leaving the bank for personal reasons. Joliffe’s contract runs out in March, and although he has said that he is available to assist with the integration of ABN Amro, it is understood that he is already working on a part-time basis. Before RBS, Joliffe spent a good proportion of his professional life at Goldman Sachs where his last role was head of European FIG coverage. His replacement has not been announced. Simon Drake Brockman, head of debt markets, is moving to the US in the New Year where he will also run the Greenwich debt business.
Mezz is a risky product and it is priced accordingly. No one is yet going out there and undercutting but there is a chance this could happen. If someone wants to go ahead and use mezz as a loss leader, be my guest – but I am not going to do it
James Stirling, director in growth and acquisition finance at Investec