Guy Moszkowski
Guy Moszkowski
asset highest management quality remains revenue stream
Asset management remains the highest quality revenue stream and the highest return-on-equity revenue stream in the financial-services business.
difficult firm gain global hope maintain retail share together turn
Strategically, it's been very, very difficult for PaineWebber to gain or maintain share in anything other than its main retail business, ... What they probably hope is by getting together with a more global firm that they can turn that around.
extremely few focusing hard morgan process proponent stanley turnaround value
I am not a big proponent of the diversified model. It is extremely hard to manage, and I just think there is a lot of value to be had from focusing on a few things really well. The turnaround process at Morgan Stanley will take some time.
appears bank culprit due excessive frequent investment miss portion trading versus volatility weakness
The miss appears to be weakness in the trading portion of the Investment Bank unit, a frequent culprit due to its excessive volatility versus peers.