Word: partnerships
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...That doesn't mean that legions of rich Europeans are suddenly closing their Swiss accounts and moving their money to Singapore. After Switzerland implemented the withholding tax, "very little happened in terms of asset migration," says Sebastian Dovey, managing partner of Scorpio Partnership, a London-based consultancy to the wealth-management industry. "The big gain for Singapore is not to take assets away from Europe," he says. "The big gain is to attract assets from within its own region. And [Singapore] is doing that tremendously." For now, though, it still has a long way to go before it can claim...
...working in Hong Kong and Singapore. "By 2015, we expect the Asia-Pacific market to be bigger than the European market," says Kathryn Shih, the Hong Kong-based head of UBS's wealth-management operation in Asia Pacific. "The opportunities are huge." Says Sebastian Dovey, managing partner of Scorpio Partnership, a London-based consultancy to the wealth-management industry: "Asia Pacific is where most private banks are placing their bets right...
...feds want something to change, they have to suggest it--nicely. After the 1993 floods in the Midwest, the Federal Government, under Witt's direction, managed to do something rare: it offered to buy out flood-prone properties to prevent repeat disasters. Several communities accepted, and the government, in partnership with the state, bought back 25,000 properties. The thousands of acres left behind were converted into wetlands, which act like a sponge in storms. In 1995 the floods came again. "And guess what?" says Witt. "We never spent one dime on responding. Nobody lost everything they worked...
...broadly collaborative approach is working elsewhere in Africa as well. BHP Billiton (2005 revenues: $32 billion), an international petroleum and mining company, joined a similar partnership of businesses, charities and government organizations to decrease malaria rates in southern Mozambique, where the conglomerate has an aluminum smelter...
...suggests basing microbicides only on the drugs that do not make it through the pharmaceutical pipeline - many are rejected because they don't maintain high enough levels in the blood to treat an HIV infection, but could be sufficiently powerful to prevent transmission. But Zeda Rosenberg, CEO of International Partnership for Microbicides, which has sponsored a number of the trials, believes that since microbicides aren't designed to enter the bloodstream and suppress HIV there, resistance won't be as huge a hurdle as it is for ARVs used in treatment. "The studies so far, with most...