Quotes of the month
"Investing for impact is the most important evolution in investing we have seen in our lifetime"
"The broader trend of heavier top lines is becoming a concern. It is particularly painful for full service houses – we have a critical mass in sales and trading that has to be paid for"
"We can say that we are not a bank, which is a good thing. Insurance companies, unlike banks, are not being forced to reinvent the business model"
"I didn’t want to lose any big deals in China. Not one. So we needed to change the culture"
"We would say that there is still some overcapacity in the German banking market; to the extent there is consolidation that reduces overcapacity, that has economic merits"