Years ago, when I was at Nomura, we were desperate for a spot dollar/yen dealer. My boss, the great Tom Elliot, identified a ‘Billy big dog’ who apparently met our needs and arranged to meet him at some swanky restaurant in Chelsea. When Tom arrived, ‘Billy’ was already there. Tom ordered a gin and tonic and before he had barely taken a sip, Billy put his cards on the table: “I’ll come round if you give me this, that and the other.”
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