Monthly Archives: February 2014

In 2005, the then UK Prime Minister Tony Blair, in one of his less warmongering initiatives, introduced what he termed the ‘Respect Agenda’. Based on Richard Sennett’s 2003 book Respect: The formation of Character in a World of Inequality, the basic gist was that all parties/stakeholders in a given situation should try to respect one another and get along for the benefit of the greater good, and ultimately, themselves. While in Blair’s case this was aimed at general community cohesion, I believe that there are parallels worth heeding in our asset servicing community, be it a community on a global scale. In [...]

Yes, that’s right, the annual fear-fest that is bonus time is upon us. With it comes dreams of Ferraris, ski chalets, Caribbean cruises and happy partners, as well as nightmares of having to pull the kids out of private school, make do with the old car for one more year at least, and not being able to even pay off last month’s credit card bill. Back in the old, bold, golden days of course, there were few such worries—whatever your firm’s/division’s/personal performance, you were guaranteed to receive your fair share of the spoils, and that figure was not overly dissimilar from that [...]