Awards for Excellence 2015

Awards for Excellence 2015

View the results now

Western Europe

Western Europe

China eyes up Portuguese assets


High profile players, past and present, such as Mark CarneyIvan RitossaBenoît Coeuré, Sinan Al-Shabibi, Stan O’Neal, John Mack, Marcel Ospel and Lloyd Blankfein speak with Euromoney.




Interviews

  • Bankia’s Alvarez: Saving the bank that didn’t exist

    When seven failing cajas were forced together, it was supposed to dampen their problems, not amplify them. Despite many doubts and hard decisions, Bankia’s chief executive Jose Sevilla Alvarez has been ambitious in restoring profitability and recovering the bank


  • ING profits out of Hamers’ way

    ING’s chief executive walks and talks digital. Today he leads a stronger, freer institution – one that is using pure online banking to grab customers from incumbents. While the bank grows as a force in lending to industry around the world, it is also building up an SME and consumer-lending portfolio in some of Europe’s biggest retail markets


  • Best global bank 2015: Citi – Last man standing

    Citi is the last global wholesale bank offering all products to its clients everywhere. It operates in 100 countries and boasts a payment system handling $3 trillion of transactions a day, which no other bank is ever likely to emulate. It has taken the axe to its global consumer business, but still operates in 24 countries. Under the leadership of Michael Corbat, Citi has closed the share price discount to book value. It must now prove that a global universal bank can avoid the pitfalls of scale and deliver sustainable returns. If it does, it will be the only one


  • South Africa: Nene’s balancing act

    South Africa is plagued by slow growth and escalating debt levels. So how can the country’s new minister of finance, Nhlanhla Nene, get the economy moving again while balancing the budget?


  • Bundesbank’s Dombret says trust restored in European banking system

    In an interview with Euromoney, Bundesbank board member Andreas Dombret sounds an upbeat note on the rigour of the ECB’s asset-quality review (AQR) and the eurozone’s resolution arrangements, but issues a sharp warning over banks’ risk-free treatment of sovereign debt.


  • Mexico CBG interview: Carstens stands by his rate cut

    Mexico’s central bank surprised the market in June when it cut its base rate by 50 basis points. Euromoney’s central bank governor of the year in 2013 stresses that the credibility of the bank’s focus on inflation should not be doubted


  • Africa's rising stars: Bolaji Balogun, CEO of Chapel Hill Denham

    Nationality: Nigerian


  • AECI’s treasurer: “…I don’t feel we have overpaid these banks”

    In an interview with Euromoney, the group treasurer of South Africa-based explosives and chemicals group, AECI, shares his views on managing the company’s treasury operations, planning for international expansion, banking relationships and the prospect of adding international banks to its roster.


  • Muhammad Chatib Basri: Fight of the navigator

    Indonesia’s finance minister, Muhammad Chatib Basri, has a clear mission: to make government easier to navigate – for its people, its companies and for foreign investors. His pragmatic approach is paying dividends. So much so that he might even be asked to stay on.


  • Alex Friedman, Global CIO, UBS Wealth Management

    Friedman joined UBS in March 2011, from his former role as CFO for the Bill and Melinda Gates Foundation.


  • Richard Madigan, CIO, JPMorgan Private Bank

    Madigan took on his role in April 2012 having joined JP Morgan in 2004. Before that he was head of emerging markets investments at Offitbank.


  • Thomas Moore, chief market strategist, HSBC Private Bank

    Moore joined HSBC in 2001 from his role as CIO at JPMorgan Chase’s personal asset management group.


  • Q&A with Dimitar Bogov, governor of the National Bank of the Republic of Macedonia

    In an interview with Euromoney, Bogov discusses credit growth, bank regulation, foreign dominance of the country’s lenders, and the Vienna initiatives.


  • Agricultural Bank of China economist warns economic reform hinges on politics

    Xiang Songzuo, chief economist of state-owned ABC, says China’s next raft of reforms – from retooling state-owned enterprises to tackling local government debt burdens and environmental challenges – will involve a disruptive shift in the political system.


  • Lebanon’s Salamé stresses resilience and stability

    In an exclusive interview, Riad Salamé, the longstanding governor of Banque du Liban, discusses Lebanon’s perpetual political and economic challenges, the resilience of its banks and the prospects for needed structural reform. He even ponders what he would do if he were president for a day.


  • Miroslav Singer: Gunning for intervention

    Famed for his tough approach to regulation, Czech central bank head Miroslav Singer now has his sights set on currency market intervention to reflate the country’s flagging economy. He talks to Euromoney about the limitations of fiscal policy, the prospects for Czech adoption of the euro, and the dangers of regulatory integration.


  • Jin-Yong Cai: An activist at the IFC

    The new head of the International Finance Corporation, Jin-Yong Cai, tells Euromoney about the need for the World Bank’s private-sector arm to take more risks and be more activist in developing policy ideas in such areas as infrastructure development and poverty reduction.


  • Standing up to Too Big to Fail

    Richard Fisher, president of the Federal Reserve Bank of Dallas, tells Euromoney why no bank is too big to fail and why Texas has much to teach the rest of the US economy


  • The Ivan Ritossa story: the man who built Barclays FX

    Ivan Ritossa, who recently announced he is leaving Barclays after 10 years, has been one of the most influential figures in foreign exchange during the past decade. Hamish Risk profiles the man and charts the extraordinary rise of Barclays as a leading FX player.


  • Hourican's battle for Bank of Cyprus

    Two years ago, John Hourican took over a bank flattened by haircuts on Greek bonds, whose depositors had seen their money seized and where borrowers were defaulting en masse. Somehow, through determination, hard work and maybe a little luck, he turned it round. Deposits are coming back, NPLs are being dealt with, assets shed and capital raised. The bank is profitable and confidence has been restored. As John Hourican steps down as CEO, the story of our banker of the year for 2015 is also one of redemption.


  • Awards for Excellence 2015: Banker of the year

    John Hourican, the Bank of Cyprus chief executive, will move on this summer after restoring the bank to health – the latest, and toughest, of his repair jobs.


  • Best investment bank 2015: The reinvention of Morgan Stanley

    Under the leadership of James Gorman, Morgan Stanley has carved out a unique position in global banking. It remains a great investment bank. Its much-maligned FICC division now looks fit for purpose. And its US wealth management arm gives the firm new stability and strength. Most important of all, the disparate parts of a once-divided business are delivering the benefits of the whole firm. And the markets are starting to realize the potential of a new Morgan Stanley as well.


  • Thomas Hoenig interview: Battle against too-big-to-fail fragments banking

    Haunted by the global crisis, policymakers from the US to the UK are erecting national barriers and waging a war against too-big-to-fail banking. Vice-chairman of the Federal Deposit Insurance Corp Thomas Hoenig defends the drive toward balkanization.


  • SSA corporate funding: IMF – Take the long view on Africa

    Abebe Aemro Selassie, deputy director of the IMF’s African department, urges policymakers in sub-Saharan Africa (SSA) to focus on making sure banking systems are robust. Rather than looking for short-term rewards of opening credit lines, he wants to see well-capitalized and regulated banks in countries where fiscal deficits are controlled.


  • Central bank governor Salamé keeps Lebanon going

    The longest-serving central bank governor in the world has seen it all, and even now is keeping the economy growing despite domestic political paralysis and the spillover from Syria.


  • Africa's rising stars: Patience Akyianu, managing director of Barclays

    Nationality: Ghanaian


  • MasterCard’s Cairns: “We’re a tech stock … which outperforms Google”

    In a wide-ranging interview, Ann Cairns, MasterCard’s president of international markets and resident statistics buff, talks to Euromoney about tech-sector valuations, the digital revolution, acquisitions, regulation, and a yacht called…


  • Šimonyte: Lithuanian central bank eyes euro ambition

    Bank of Lithuania deputy chief Ingrida Šimonyte discusses the country’s euro-adoption plans, the challenges for the foreign-owned banking system, and the asset quality review in a wide-ranging interview.


  • Michael Strobaek, global chief investment officer, Credit Suisse

    Strobaek joined Credit Suisse in May 2013 from a Swiss family office, where he was the CEO, the CIO and a managing partner. Between 1996 and 2009 he was with UBS.


  • Steven Wieting, global chief investment strategist, Citi Private Bank

    Wieting took on the role in May 2013 and was formerly a director and US economist in Citi Research. He joined Smith Barney in 1996 and became lead economist for Citigroup’s US institutional equities business in 2000.


  • Q&A with VTB CEO Andrey Kostin

    In an in-depth interview with Euromoney, the head of the powerful Russian state lender discusses domestic bank competition, regulation, credit growth and reveals the impact of state ownership.


  • National Bank of Serbia governor paints banking landscape – Q&A

    In a wide-ranging question-and-answer session, governor Jorgovanka Tabaković reveals shifting sands in the Serbian banking system, efforts to boost domestic sources of finance, capital market reform, Basel III and Vienna initiatives.


  • Babacan: ‘We are one government’

    Since 2002, Ali Babacan has earned Turkey’s government the trust of markets. But what can the ruling party’s economy chief say to reassure investors now, after some government members’ attacks on the local financial sector? The answers are not all encouraging.


  • Q&A: Eduardo Eguren, CEO, Burgan Bank


  • Ngozi Okonjo-Iweala: Nigeria’s crusader-in-chief fights for the country’s soul

    Ngozi Okonjo-Iweala is convinced she can diversify the economy. But fears are growing that the end of the commodities super-cycle will imperil the growth model.


  • Brains behind Abenomics urges PM to show his brawn

    Japanese newspapers often refer to Koichi Hamada as “the brains behind Abenomics”. During a recent visit to Tokyo, the 77-year-old special adviser to Abe spoke frankly to Euromoney not only about Abenomics, but also the character and nationalism of Japan’s prime minister.


  • Coeuré: ECB confronts SME financing challenge

    In an exclusive interview, Benoît Coeuré, member of the executive board of the European Central Bank, discusses the challenges that Europe faces in stimulating financing to small and medium-sized enterprises, including the creation of a truly pan-European and cross-border capital market in the region and how securitization can be used to re-establish funding to these firms.



More Interviews stories

           
 

SELECTED CHAPTERS

Transparency in the FX industry

Redefining Conduct

Tectonic Shifts

Growth Currency

Looks Can Be Deceiving

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