The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Euromoney 30th anniversary: Views from the top

The leaders of 12 of the world's biggest financial institutions look back on their careers, reflect on how the financial markets have changed and spell out their visions of the future. HSBC's John Bond, Angel Corcóstegui of BSCH, Lloyds TSB's Peter Ellwood, ABN Amro's Jan Kalff, David Komansky of Merrill Lynch, André Lévy-Lang of Paribas, ING's Godfried van der Lugt, Bankers Trust's Frank Newman, Marcel Ospel of UBS, Joseph Roby of Donaldson Lufkin & Jenrette, Pedro Luís Uriarte of BBV and CSFB's Allan Wheat spoke to Euromoney

Euromoney 30th anniversary: Heroes and villains

In the following pages the chief executives of 12 of the largest and most powerful banks and investment banks in Europe and America share with Euromoney their thoughts on the future of financial services, reflect on the highlights of their own careers and on the changes wrought on the industry by 30 turbulent years, and answer questions about their institutions' present strategies and performance.

Some of what they have to say is familiar, much is challenging. For example, HSBC's John Bond points out that, for all the brave talk of globalization of financial services, many banks have withdrawn over the past 30 years from international markets to concentrate on domestic strategies.

While present orthodoxy holds that consumer banking is an inherently better business for shareholders than investment or wholesale banking, with more stable, better quality revenues, Paribas' André Levy-Lang wonders whether this is merely the consequence of different accounting conventions. He also points out that many of the same shareholders who recently urged Paribas to de-emphasize investment banking and concentrate on the specialist and consumer financing operations of Compagnie Bancaire, were urging the exact opposite just a few years ago.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree