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."
© Thomson Reuters 2008. All rights reserved.
| 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 |


