'The industry is looking at a golden decade'.
'Investment banking has a brilliant future', Rudloff, 73, said in an interview in Milan last week, making his first public comments on the business since retiring from Barclays in February. 'The industry is looking at a golden decade'.
The growing need for capital will propel profits, once securities firms finish adapting to tighter rules designed to prevent a repeat of the financial crisis and shield depositors from trading losses, said Rudloff, who during his five-decade career helped foster the expansion of the Eurobond market in the 1980s.
'It isn’t about trading with the firm’s money, but about allocating capital and playing the intermediary', by originating, packaging and distributing all types of securities, including derivatives, he said.
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