Photo
Business Update

Reuters business newsletter, your daily business coverage.

Subscribe

Selected quotes Wednesday

Wed Nov 15, 2006 4:17pm EST

Reporter's Notebook

[-] Text [+]

NEW YORK (Reuters) - The following are selected comments made at the Reuters Investment Banking Summit on Wednesday, held at the Reuters Building at 3 Times Square in New York.

HUW JENKINS, CHIEF EXECUTIVE OF UBS INVESTMENT BANK:

"I think China has got a very deliberate and thoughtful approach to regulation. I don't think there's going to be significant change."

GARY PARR, VICE CHAIRMAN, LAZARD LLC:

"There is a segmentation of the marketplace. There is some amount of M&A business that is going to be bundled to financing and arguably has been come more commodity-like. These deals will continue to be dominated by the biggest Wall Street firms."

"We will continue to add talent, though in a bull market that is something we're very disciplined about."

MARK DAVIS, MANAGING DIRECTOR GLEACHER PARTNERS:

"You are talking about a world where people can make $1 million, they can make $5 million, they can make $10 million and other than $100,000 to $250,000 all of that is paid in one day. There is very little that is similar to this one day reckoning system. That does cause great consternation and angst and concern for those who are paying and those getting paid. Bonus season is a high stress times and part of the reason management on Wall Street is so difficult is that the management of that process is very, very difficult."

"Every large financial institution wants a piece of the private equity game. It appears the conflict of doing this is a lot less than if you do it internally."

 
 
India Investment Nov 24 - 26, 2008 Country Summits
Health Nov 17 - 20, 2008 Health
Global Finance Nov 10 - 13, 2008 Financial Services / Exchanges
China Summit Nov 05 - 7, 2008 Country Summits
Middle East Investment Nov 03 - 5, 2008 Country Summits

What are Summits?

Reuters Summits are your direct link to top business leaders, investors and regulators. Our journalists interview heavyweights in a particular industry, spin out hard-hitting breaking news and sharp analysis that can often move markets. If you want to understand what the insiders are thinking, look for Reuters Summits.  Launch Full Video 

 

Stay connected. Get e-mailed alerts with schedules, speaker lists, and headlines from upcoming and live Industry Summits.