“In my old days in ECM, the moment of truth was five minutes – either you were right or wrong, and you moved on. But our moment of truth is measured in years”
“We are more likely to execute away from the banks in the mid market at the moment... Banks will say that they have appetite, but it is not always as strong as they are making out, while a lot of the funds can deliver comparable solutions in size”
“I’m not sure that any bank yet has a vision for it, but the wholesale businesses will eventually become digitized in similar ways to retail financial businesses … and you had better be on the first page of apps”
“What do you mean? There has always been minister representation [at the annual meeting]. I don’t know why you got such an idea. China has always regarded the ADB as very important and the level of representation by China has never been reduced”
