Quotes of the month

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July/August

“Of course, we don’t welcome any such crime, but we welcome this in the sense that we can demonstrate the Philippines is ready to encounter these kinds of crimes in the financial system”

Attorney Mel Georgie Racela, head of the Anti-Money Laundering Council Secretariat in the Philippines, talk to Euromoney about the Wirecard investigation.


“We had a set of topics we were going to talk through with them, but they had just been briefed on the virus. Every one of them came into the room wide-eyed and panicked” 

Bill Demchak, CEO of PNC Financial Services, recalls a round of meetings with senators in Washington DC as the reality of the Covid-19 pandemic took hold.


“We are 100% convinced that we cannot approach society’s issues in silos if we want to create resilient communities” 

Brandee McHale, head of Citi Community Investing and Development, says that society has to start thinking beyond verticals to drive systemic change.


“Where we end up depends on the market and the opportunity, but the doors are open, and we are walking through them” 

Peter Forlenza, global head of equities at Jefferies, has big plans in Asia.


“A lot of these capital raisings were mission critical for the clients involved, literally in some cases – they would not have survived without them” 

Tim Joyce, co-head of Macquarie Capital for Australia and New Zealand, recalls the early days of the Covid-19 crisis in the region.