Word: bankers
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...some analysts in the country. Most were predicting that W. Paul Jenkins, senior deputy governor of the Bank of Canada, would get the top spot. But Joseph J. Oliver, president and CEO of the Investment Dealers Association of Canada, said that Carney’s experience as an investment banker would be an important asset for his new job. “This will be invaluable since the Governor’s role transcends pure monetary policy,” Oliver said in an e-mail...
...shoot them." Kagame and business, he says, prize the same thing: results. "There is a focus here. People whinge about the lack of political opposition. But if you look at what happened in 1994, lack of opposition looks pretty small fare." Dabbs Cavin, 42, a lawyer and commercial banker, moved with his wife and family from Arkansas to Rwanda last year to set up an arm of the microcredit lender Opportunity International and merge it with a local bank. "Kagame has a vision, he's doing all the right things, and that's attractive," he says. "No country has ever...
FIRST JOB INVESTMENT BANKER...
...Beijing, having $1.4 trillion to invest is a nice problem but a complicated one nonetheless. "It's the classic elephant-in-the-room syndrome," says a Western banker who advises the State Investment Co. "Where does he sit? Anywhere he wants, sure. But he's got to be very careful that he doesn't squash anything when he does." The mere whiff of a rumor that, say, Beijing may shift part of its foreign-exchange holdings from dollars into euros has rattled world currency markets several times in the past year...
...Beijing, having $1.4 trillion to invest is a nice problem, but a complicated one nonetheless. "It's the classic elephant-in-the-room syndrome," says one Western banker who advises the State Investment Company. "Where does he sit? Anywhere he wants, sure. But he's got to be very careful that he doesn't squash anything when he does." The mere whiff of a rumor that, say, Beijing may shift part of its foreign-exchange holdings from dollars into euros has rattled world currency markets several times in the past year...