Preliminary reports suggest a Donald Trump presidency will have a profound impact on the banking and finance industry. Senior management from Goldman Sachs and JP Morgan are being considered for cabinet posts, and regulation, to include the Dodd–Frank financial regulation act, is targeted for review and possible repeal.
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“We strongly believe the election results will create market uncertainty. Historical back-testing confirms that we have had a consistently successful track record with our forecasts.” Robert Ruderschmidt, portfolio manager, Overflowing Alpha Asset Management |
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“Looking forward to it. We now have the playbook for the next bank-led financial crisis – a market bubble, a big crash, massive QE resulting in a multi-year bull run – and we plan to take advantage of the opportunity.” Louie Zheng, head of discretionary mandates, Global Behemoth Private Bank |
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“I have received authorisation from the compliance department to release the following comment: `We confirm that Donald Trump won the US presidential election.’ However, we emphasise that this is not meant to consitutute investment advice. Fanny Leung, corporate communications, Absolute Zero Risk Investment Management (AZRIM)
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“It makes you yearn for the early days of the financial crisis when you could have late night drinks with a client and the only risk discussed was decoupling.” Richard Grodnick, head of global distribution, Shoot the Lights Out Asset Management |
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“We are watching competitors to see which marketing team can put the best positive spin on the election so that we can poach them.” Pollyanna Sim, head of marketing in APAC, StraightTalk Fund Management Group |
