Quotes of the month

“It’s not a great thing to say, but the crisis has been good for DBS. We have leveraged the opportunity to put more daylight between us and our competitors”

Piyush Gupta, chief executive at DBS, which is the world’s best bank in Euromoney’s Awards for Excellence 2021

“Winning in this business is by small margins, so you have to want to win”

Ted Pick, Morgan Stanley’s co-president, explains the winning formula at the world’s best investment bank this year

“In the future, many forms of value, including securities and cash, are likely to be digital and programmable and that means they may be blockchain based”

John Whelan, managing director of digital assets at Santander CIB, talks Euromoney through our financial innovation of the year: the first primary issuance of digitally native tokens on an open public blockchain

“Corporates and households adapted very quickly in how they managed their spending, changed their supply chains and adapted their businesses… It’s been a remarkable experience for all of us”

James von Moltke, CFO at Deutsche Bank, explains how banks have surprised even themselves in managing the impact of Covid-19