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Citi’s Jim Cowles, head of EMEA |
It would be natural to assume that the collapse of investment banking volumes in any global region would be bad news for the leading players in that market.
So it is slightly surprising to find the man in charge of Citi’s central and eastern European (CEE) operations in buoyant, not to say bullish, mood.
“We are pleased with these franchises,” says Jim Cowles, head of EMEA. “Despite a difficult environment over the last couple of years, they are profitable and their operating efficiency levels are above our corporate benchmark.”
It is hard to overstate just how difficult the environment has been.
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