October 1996
| Euromoney October 1996 A new generation of managers has taken over at BZW following David Band's untimely death in March. New chief executive Bill Harrison is a tough, no-nonsense British merchant banker. In his first major interview Harrison explains his view of the bank's future, his player-coach approach and why BZW isn't Deutsche Morgan Grenfell. But, first, we profile the efforts of the other man on the touchline, the smooth American Bob Diamond, and his dramatic first three months as head of the firm's most turbulent division, fixed income. By Steven Irvine - Bill Harrison: A man in a hurry
Bill Harrison is not the most orthodox chief executive you will come across in the City. The new boss at BZW speaks with a strong Birmingham accent and refers to telephoning people as "giving them a bell".
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Euromoney October 1996
Britain's leading corporate banker needs a drastic solution to the problem of low margins. Rolling up 200 of the best loans and selling them as bonds is certainly that. But it has invoked a ferocious response from corporate treasurers and competitors. Brian Caplen reports on the controversy surrounding the deal
Euromoney October 1996
Within the past year two of the most respected investment banking boutiques have been sold Gleacher to NatWest and Wolfensohn to Bankers Trust. Do those deals mark the beginning of a trend and, if so, which targets are left? Stephen Neish talks to the main players
Euromoney October 1996
Self-taught M&A expert Rakesh Saxena teed off a glittering career on Bangkok's exclusive Navatanee golf course. But he eventually helped drive Bangkok Bank of Commerce into the rough with a bunch of allegedly dubious deals. Five of Saxena's Thai associates are due to be tried for embezzlement and the Bank of Thailand is now trying to rescue BBC. Saxena made it away to Vancouver, where he awaits extradition proceedings. Meanwhile, he protests his innocence and hones his golf skills. Gill Maitland reports
Euromoney October 1996
UK merchant bank Robert Fleming is in dire need of a
good performance in 1996. It's unlikely to get one. With thousands
of new employees hired in a bid to extend the global network,
revenues have not grown fast enough to cover costs. Shareholders
are restless. Charles Olivier reports
Euromoney October 1996
Stockbroking is now concentrated in a very few hands. Fund managers are much more sophisticated, withdedicated dealing desks and in-house analysts. Andrew Capon looks at what's beengoing on behind the results of this year's ninth annualEuromoney/Global Investor European brokers poll
Euromoney October 1996
That financial fraudsters will practise to deceive is a big worry as the World Wide Web and other Internet services proliferate. And when electronic cash is commonplace what will become of the traditional monetary system? Michelle Celarier reports on criminal bugs in a promising-looking system and the solutions proposed by regulators and law-enforcers
Euromoney October 1996
The accounting standards still used by most Russian banks are a hangover from the old Soviet system, revealing little about their health and bandaging up their infirmities. International investors want international standards. Banks and regulators are responding but full reform will take years.
Antony Currie reports
Euromoney October 1996
The international houses can no longer claim to have a monopoly ofinvestment banking in emerging markets. But if you do decide to go native, whichinstitutions can you trust? We asked those in the know who they like to deal withwhen a foreign bank just won't do. James Gordon-MacIntosh reports
Euromoney October 1996
The first interest rate cut in five years has helped
to boost the Chinese bond market, which is being reformed and
currently enjoying a good run. But there are still problems. The
market is relatively new and lacks experienced traders. More
worryingly, the government closed down the futures market after
Wanguo Securities crashed because of a bad speculation. Although
China is keen to have foreign investors in the market, it says this
won't happen until the reforms are completed which it estimates
will take several years. Sophie Röell reports
Euromoney October 1996
Finland's membership of the EU's exchange rate mechanism looks imminent and the country will be well placed to join monetary union. But Finnish banks, just coming out of recession, will need to cut costs and probably merge to keep their heads above water in the new, more competitive environment. John McGrath reports
Euromoney October 1996
Why London will lose
Euromoney October 1996
From lactation rooms to the high seas, with a lot of music in between.
Euromoney October 1996
Emerging market Yankees; overnight swaps; Deutsche's rating tussle; Tobin put to bed. Edited by Peter Lee
Euromoney October 1996
Philippines Brady exchange: No expense spared by JP Morgan on Brady. Steven Irvine
Euromoney October 1996
Edited by Brian Caplen
Euromoney October 1996
Executive director and head of European bond credit research, UBS
Euromoney October 1996
by David Roche
Euromoney October 1996
Offsite and off the pointJean-Claude Komarovsky attends Black Knight's first offsite, and finds that generating ideas is a tough business
Euromoney October 1996
Degrees of complianceThe recent spate of scandals involving rogue traders has thrown the spotlight onto the compliance officer. By Christopher Stoakes
Euromoney October 1996
Hillboot Strictly Private Banking, Moorgate, London EC2 (Representative offices in Grand Cayman, Lugano, St Petersburg, Vatican City)
