Other famous Mormon executives include Jet Blue founder David Neeleman, Credit Suisse CEO Eric Varvel… View James L. Amine’s professional profile on Relationship Science, the database of decision makers. Paul Calello (February 14, 1961 – November 16, 2010) was the chairman and CEO of the investment banking division of Credit Suisse Group.. Callelo was born in Boston, and earned his undergraduate degree from Villanova University in 1983.
Varvel - Marian Joy Varvel, 79, of Cottage Grove died Jan. Local News Research on psychological type and team composition has shown that, while personality cannot predict team effectiveness or performance, it is an influencing factor ( Varvel , Adams, Pridie, & Ulloa, 2004).
“The model of covering the market from a hub like Singapore no longer works, both for securities firms and for private equity funds.”.Gunawan reckons investment banking opportunities will grow faster than current GDP growth of 6.5 percent, and his co-head, Rizal Gozali, sees banks and funds zeroing in on two sectors driving Indonesia’s growth.“The main sector focus will be on natural resources, and then anything related to consumers: so retail, manufacturing and consumer banking products,” Gozali said.Indonesia is rich in oil, gas, thermal coal, tin and palm oil.The fee pool in the domestic equities market is also growing, explaining why Morgan Stanley pushed so hard to buy the brokerage seat from Jakarta securities firm PT Tiga Pilar Sekuritas, allowing the U.S. bank to cover the secondary side of sales and trading, as well as research in a country where the stock index is nearing its record levels of last August.Morgan Stanley needs regulatory approval before it can buy and sell stocks directly with the Jakarta exchange.The investment climate has been boosted by both Fitch and Moody’s approving Indonesia’s debt as investment grade, allowing its bonds to be added to benchmark global indexes.Announcing plans in November to set up an onshore brokerage business, Morgan Stanley CEO James Gorman said Indonesia was a “strategic priority” and cited “favourable ... demographics, low debt levels, stable government and abundance of natural resources” as reasons to be optimistic about the country.These factors increase investor interest and corporate expansion, and mean opportunities for banks.“We’re seeing much more willingness from investors to get exposure to Indonesia, either through direct investment, as with BAT’s acquisition of Bentoel; through the increasing number of corporate bonds; or through equity deals, which often take the form of a re-IPO of a company that has undergone a technical listing,” said Matt Hanning, head of investment banking Asia Pacific at UBS.British American Tobacco bought a majority stake in PT Bentoel for close to $500 million in mid-2009.Possibly bruised at being outmuscled by Morgan Stanley, or possibly smart to sit it out awhile, Goldman is talking to other Indonesian brokerages, though is not expected to sign a deal anytime soon, said a source familiar with the matter, who was not authorised to speak publicly on the issue.The big gap between market leader Credit Suisse and the chasing pack is unusual in investment banking.The Swiss Bank, whose current global investment banking head, Eric Varvel, helped build the Indonesia business in the wake of the 1997 Asia crisis, has cultivated ties with the family-run conglomerates who dispense most of the fees on offer.It topped the rankings of investment bank fee income in Indonesia in four of the last five years, pulling in an estimated $35.4 million last year, Thomson Reuters data shows.In 2010, the bank - which is private banker to the politically connected Bakrie family - arranged a $3 billion deal between Rothschild and the Bakries to build Bumi into an international coal mining giant.Behind the Swiss bank last year were Citigroup, with fees of $31.2 million, local rival Bank Mandiri, and Deutsche Bank and HSBC.“I don’t think big names will win mandates. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. HONG KONG/JAKARTA, Feb 9 (Reuters) - The departure of Sri Mulyani Indrawati as Indonesia’s finance minister nearly two years ago seemed to sum up much that is both right and wrong in one of Asia’s fastest growing economies.Her reformist modernising zeal was lauded by international banks and investors, and she won plaudits at home for overhauling corrupt tax and customs departments. These families own interests and companies that often seek loans and fund raising deals that keep fees flowing to their preferred bank adviser.For example, Bank of America Merrill Lynch has become a go-to banker for Indonesia’s Lippo Group, controlled by the Riady family, raising money from the market and providing advisory services, such as in the sale last year of a stake in its cable TV unit to private equity worth $269 million.The ratings upgrades will increase the funds available to Indonesian companies, says Credit Suisse’s Gunawan.He doesn’t predict much change in the cost of funding as investors already priced in the sovereign upgrade, but the boost will see Indonesia loom larger on the radar at the big funds that can only buy investment grade debt.Deeper knowledge of the local market will be key in avoiding some of Indonesia’s pitfalls.“Investors have become much more knowledgeable about Indonesia,” said Gozali, Gunawan’s co-head at Credit Suisse.“Fifteen years ago when you talked to foreigners, many knew very little about the place, but now they know much more about the market and what it takes to do business here.”,All quotes delayed a minimum of 15 minutes. 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