Which form of Bye do you want? Tuesday, April 22, 2008
If you happen to work in capital markets, this was a very scary headline.
Mumbai, Dubai, Shanghai - or goodbye,' executives are told.
Electronic markets may operate globally and enable you to trade from anywhere, but people always follow the money. Right now, most banks are focussing considerable efforts and energy on positioning themselves in these markets. This reflects where wealth is being generated but also their desire to lessen their dependency on traditional US & European markets, which are expected to be flat for the next two years.
As a consequence, the choice is becoming stark - move or move on.