Global Finance

A monthly publication providing news and analysis of global market and economy. Focuses on corporate finance, capital markets, and more.

Articles from Vol. 26, No. 7, June

Africa Unbound
ARNOLD EPKE, ECOBANKArnold Epke, group CEO at Ecobank, a pan-African bank founded in 1985 and with a presence in 32 countries, shares his insights on Africa's past, present and prospects.Global Finance: How will banks contribute to African economic growth?Arnold...
A Time of Profound Change
ZHANG JIANGUO, CHINA CONSTRUCTION BANKZhang Jianguo is president and chief executive of China Construction Bank (CCB).Global Finance: How will China's financial system change as interest rates liberalize, capital markets develop, and financial channels...
Breaking Barriers
YOSHlO NAKAMURA, KEIDANRENYoshio Nakamura is the director general of Nippon Keidanren, the Japan Industry Federation - the main voice representing large industry in the country.Global Finance: What developments have most shaped Japan's economy over the...
Change Is in the Air
GLOBAL BANKINGThe emergence of universal banks fueled the trend toward globalization over the past 25 years, but the recent crises have been their undoing. In the past 25 years major banks became truly global players. Indeed, by their facilitation of...
Continental Divide
There is a famous quote by British novelist LP Hartley that goes, "The past is a foreign country: They do things differently there." If this is so, then 1987 - when Global Finance was launched - is another continent. The scale of political, social, technological,...
Disintermediation and Globalization
PlYUSH GUPTA, DBS GROUPPiyush Gupta is CEO of Singapore's DBS Group Holdings and DBS Bank.Global Finance: What have been the key financial trends since 1987?Piyush Gupta: On a global level, disintermediation, not just in the classic sense of capital...
Drive for Democracy
ADEL EL-LABBAN, AHLI UNITED BANKAdel El-Labban, group CEO and managing director of AhIi United Bank, Bahrain, has had a major influence on Middle Eastern banking.Global Finance: The past 25 years in the Middle East have been tumultuous. Will the next...
Evolving Risks
STEVE MCGILL, AONSteve McGill is group president of Aon pic and chairman and chief executive officer of Aon Risk Solutions. He oversees the development of Aon's overall growth strategy and opportunity planning.Global Finance: What events over the past...
Gravitational Pull
CHARLES BEAZLEY, NIKKO ASSET MANAGEMENTA British veteran of Merrill Lynch, Charles Beazley became chairman and CEO of Nikko Asset Management, which is majority owned by Sumitomo Mitsui Trust, in March. Headquartered in Tokyo, Nikko AM manages $158 billion...
Growth and Development
DAVID WILTON, INTERNATIONAL FINANCE CORPORATIONDavid Wilton is chief investment officer and manager, global private equity, at theWorld Bank's IFC, with responsibility for its investment program in emerging markets funds globally. He is a member of the...
History at A Crossroads
RUBENS AMARAL, BLADEXRubens Amarai is the incoming CEO of Bladex, the Foreign Trade Bank of Latin America, a supranational institution that serves the capitalization needs of banks and promotes foreign trade across the region.Global Finance: As a multinational...
Innovation and Consumerization
CARLO BOZOTTI, STMICROELECTRONICSCarlo Bozotti has been the president and CEO of STMicroelectronics since 2005. His company, like Global Finance, is celebrating its 25th anniversary this year. It is one. of the world's leading electronics and semiconductor...
International Vision
GUO GUANGCHANG, FOSUN GROUPGuo Guangchang is the chairman of Chinese conglomerate Fosun Group. Fosun International was established in 1992 and now ranks among Chinas top 100 enterprises.Global Finance: What key changes defined the past 25 years in China?Guo...
Mechanisms of Growth
EMERGING MARKETSTwenty-five years ago, Goldman Sachs' Jim O'Neill was still more than a decade away from coining the acronym BRIC to identify the high-growth markets of Brazil, Russia, India and China - an event which signaled the recognition that emerging...
Pearl of the Indian Ocean
CHANNA DE SILVA9 LR GLOBALChanna de Silva heads up LR Global Sri Lanka Asset Management, a top Sri Lankan private equity firm. He was previously CEO of the country's Securities Exchange Commission and executive director of the Sri Lanka Board of Investments,...
Resilience under Pressure
GERALD HASSELL, BANK OF NEW YORK MELLONGerald Hassell is chairman, president and CEO of the Bank of New York Mellon. The bank, which focuses on investment management and investment services, has $26.6 trillion in assets under custody and administration,...
Rewarding Risk
EDWARD MATHIAS, CARLYLE GROUPEdward Mathias is a member of the board of directors and a managing director and partner of the Carlyle Group, the global alternative asset management firm. He was instrumental in founding the group and assisted in raising...
Rising to the Moment
MARTIN SENN, ZURICH INSURANCE GROUPMartin Senn became chief executive officer of Zurich Insurance in January 2010 after joining Zurich as chief investment officer in 2006. A Swiss citizen and career international banker, he spent 18 years with the former...
Searching for Stability
JAMES K GALBRAITH9 UNIVERSITY OF TEXASJames K Galbraith is a well-known economist and author of a number of books, including The Predator State and Inequality And Instability. He spent much of his career helping to shape US and global government policies...
Sexy and Sophisticated
TRADE FINANCEOiling the wheels of global trade has never been more important, particularly as regulation and capital constraints challenge banks' commitment to the business. Collaborative B2B platforms and investors are poised to play an enlarged role,...
Stormy Weather
EQUITY & DEBT CAPITAL MARKETSWhen volume 1, number 1 of Global Finance arrived at the airport in London on October 15, 1987, it could not immediately be offloaded. The precious cargo was needed as ballast in the airplane during the Great Storm that...
Strategic Transformation
Just one year into a three-year transformation program, Nigeria's First Bank Group is already reaping the rewards in terms of improved profitability and market penetration.With much of the world still mired in the aftermath of the recent financial crisis,...
Strong Growth Prospects
JOSÉ VÉLEZ, CEMENTOS ARGOSJosé Alberto Velez is the president of Cementos Argos, the leader in the cement industry in Colombia, with operations in the Caribbean - Panama, the Dominican Republic and Haiti - and the United States.Global Finance: Cementos...
Sustaining the Miracle
MIKE REES, STANDARD CHARTEREDMike Rees, CEO, wholesale banking, Standard Chartered, discusses the risks and opportunities for emerging markets going forward, and China's economic transformation.Global Finance: What key events have shaped the current...
Taking Center Stage
TREASURY & CASH MANAGEMENT/ TRANSACTION BANKINGAfter the financial crisis of 2008 and heightened regulation on "casino" banking, transaction processing is enjoying a renaissance. Historically, investment banking has earned the most money for financial...
The Asian Century
CHANDRAN NAIR, GLOBAL INSTITUTE FOR TOMORROWChandran Nair is the founder of independent think tank Global Institute for Tomorrow and co-founder and chairman of social investment firm Avantage Ventures.Global Finance: What key trends defined the past...
The Big Picture
HERBERT STEPIC, RAIFFEISEN BANK INTERNATIONALHerbert Stepic is the chief executive officer of one of the largest banking organizations in Central & Eastern Europe, Raiffeisen Bank International.Global Finance: What are the key events over the past...
The Human Factor in Economic Theory
MACROECONOMICSTraditional economic theory has been challenged by recent market events in global financial markets, and that challenge has given rise to a new generation of economic soothsayers who are looking more deeply into the impact of finance on...
The Last Mile in Automation
TECHNOLOGY IN TREASURY AND FINANCEOver the past 25 years multinational corporations have made significant efficiency gains by centralizing treasury management operations, and thanks to the advancement - in quantum leaps - of treasury management software....
The Sands of Time
"Are your overseas clients having trouble reaching you?" queries a full-page AT&T ad that appeared in the very first issue of Global Finance magazine in October 1987. In the background is the image of a tropical island and a cry for help dug by hand,...
Top 25 Lists
Global Finance evaluates the most important events, people a. ideas, the most influential companies, books and foreign direct investment destinations, of the past quarter-century. And we look ahead at what the next 25 years may hold.25 EVENTS THAT ROCKED...
Transition and Transformation
SAAD MOHSENI1 MOBY GROUPSaad Mohseni is the chairman of Moby Group, Afghanistan s largest media conglomerate. Mohseni founded the company in 2002 upon returning home to Afghanistan after the fall of the Taliban.Global Finance: What key events over the...
Turbulent Times
IBRAHIM DABDOUB, NATIONAL BANK OF KUWAITIbrahim Dabdoub has been CEO of National Bank of Kuwait since 1983.Global Finance: What are the key risks over the next 5, 10 and 25 years?Ibrahim Dabdoub: As a banker, I would focus on financial risks, namely...
Undermining the Cult of Equity
GLOBAL INVESTINGAs alternative investments become mainstream and returns diminish, the traditional bias toward equity investment is being challenged like never before. Even before globalization became a major theme, big investors had a thoroughly international...
Who's Regulating the Regulators?
COMPLIANCE & REGULATIONRegulation tends to be reactionary: Regulators get in on the game after events have already happened. The jury is still out on the effectiveness of a lot of the regulation introduced in the wake of the 2008 financial crisis,...
Wild Ride
MARK MOBIUS, MOBIUS GROUPMark Mobius, executive chairman of Templeton Emerging Markets Group and head of Mobius Group, launched the first Templeton Emerging Markets Fund 25 years ago. In May, Mobius Group launched its latest emerging markets fund, the...