Mr Perella left the New York-based bank last year at the height of an internal power struggle but kept his future plans unknown until recently. He has already been reunited with two former Morgan Stanley colleagues: Terry Meguid, former head of investment banking, and William Kourakos, ex-deputy head of capital markets. In a market where boutique firms can pose a serious threat to larger outfits thanks to interpersonal relationships, a few Goliaths might be feeling shaky on their legs.
Nobuo Kuroyanagi, president of new world banking colossus Mitsubishi UFJ, has ambitions as big as the group he heads. Mr Kuroyanagi has been reported as saying he would consider buying a foreign company to improve profitability. He believes it is crucial to expand Mitsubishi UFJ’s banking business alongside economic development in China and southeast Asia, and that if an overseas company has services that Mitsubishi’s clients want, the bank wouldn’t rule out an acquisition.
| Professor Charles Soludo, governor of the Central Bank of Nigeria, receives The Banker’s 2006 Global & Africa Central Banker of the Year Award from editor-in-chief Stephen Timewell at a glittering ceremony at London’s Dorchester Hotel on January 19, attended by more than 300 international bankers and officials. |
