Chapter 677 Shadow Cabinet

After completing the acquisition of Barclays Global Investors (BGI), BGI's business will be integrated into Merrill Lynch Investments, the asset management arm of Standard Chartered-Merrill Lynch Group.

However, BGI’s ETF fund iShare will remain intact, and Merrill Lynch will use this to increase its investment in ETFs.

In this way, Standard Chartered-Merrill Lynch Group's assets under management will exceed US$2.5 trillion, making it one of the world's largest asset management companies.

"We are very optimistic about the future development of ETF funds, and after the subprime mortgage crisis, the global economic recession will pass sooner or later, which will not affect our investment strategy."

In an interview, Davis, President of Standard Chartered Merrill Lynch, said:

"At the same time, we are also working with DS Group to build the latest risk assessment system. Yes, it will be similar to BlackRock Group's 'Aladdin' system. In this regard, whether we are Standard Chartered-Merrill Lynch or DS Capital has relatively rich experience - the quantitative funds under DS Capital are currently one of the best and most stable quantitative funds in the world. Coupled with the historical data we have accumulated, we believe that this risk assessment system will be no less than A The performance of the Latin system…”

"What do you think of the market capitalization of Standard Chartered-Merrill Lynch Group, which has just surpassed HSBC Holdings, becoming the largest listed bank in the UK?"

Regarding the reporter's question - yes, because Standard Chartered-Merrill Lynch Group's stock price performance was more stable compared to other banks after the subprime mortgage crisis, and after the recent successful merger of Barclays Bank's asset management department, its Its market capitalization has surpassed HSBC Holdings, becoming the UK’s number one listed bank - Davis replied:

"The performance of stock prices does have its importance, which is good news for our investors, but it is not the most important. Standard Chartered-Merrill Lynch Group will not just be limited to a certain region, but hopes to Provide professional financial services to people around the world, and next, we will also have plans to go public in the United States..."

"Time? This cannot give a specific time. The global economic situation needs to be considered. After all, it is not a good period for companies to go public. But we believe that the global economy will soon emerge from recession and usher in A strong rebound.”

…

“That speaks volumes about Standard Chartered-Merrill Lynch’s ambitions, doesn’t it?”

Just as Joe Harriman finished speaking, there was a "pop" sound, and the woman who was pouring coffee immediately stood up and looked at Barron...

Luckily she remembered to hold on to the coffee pot, otherwise the fun would have been huge.

"You seem to have forgotten that you are no longer a financial presenter, Ms. Harriman."

Facing Barron's gaze, Joe Harriman put the coffee pot on the table, then stood obediently in front of Barron, leaning over...

It has to be said that in addition to her extremely good looks, Joe Harriman also has a very good figure. At least she has size in all the places where she should be. This should be the good genes inherited from her mother who was a model.

It's just that Barron didn't show mercy to her, facing her tight skirt...

The "pop" sound sounded again.

"Now that the scale has reached the level of Standard Chartered-Merrill Lynch, simply keeping a low profile is no longer useful. We also need to take responsibility, which is to enhance market confidence."

Barron's words were like an answer to Joe Harriman's complaint just now.

Where they are now is Joe Harriman's residence - Joe Harriman moved to this new residence after the last residence was stolen.

The current community is very close to the Greater London Parliament. Many parliamentarians and politicians live nearby, and the security is naturally very good.

And in view of what happened last time, Barron also specially added security measures for Joe Harriman, so in terms of safety, this place is satisfactory enough.

There will be another general election in Britain next year. In addition to being a member of the Greater London Assembly, Jo Harriman is also a member of Cameron's latest shadow cabinet as the Minister of Women and Equality. She is currently the Conservative Party member. One of three female members of the shadow cabinet, the others being Theresa May and Truss.

This is also related to the composition of the Conservative Party’s shadow cabinet. After Cameron’s last shadow cabinet list was announced, it was called the “Old Boys Cabinet” by the media, believing that there were too many male members. —There was only one woman on the list at the time, Home Secretary Theresa May…

Cameron's advisers also suggested that he add female shadow cabinet members, otherwise it will be detrimental to next year's general election and will make the Conservative Party less attractive to female voters.

So in the end he added Truss and Joe Harriman, two female shadow cabinet members. Although the shadow cabinet position held by Jo Harriman is of low importance, at least it shows Cameron's attitude. …

After all, as a once-famous host, Joe Harriman has always been labeled as an "independent woman." In her previous elections, she will also have slogans emphasizing women's rights and is committed to increasing women's social status.

And she has also spoken in support of special groups. Placing her in the position of Minister of Women and Equality Affairs in the shadow cabinet will also help the Conservative Party gain votes from certain groups.

But what others don't know is that Joe Harriman, an independent woman, is not independent when she is with a certain Duke...

Of course, this scene will never be known to others.

"There are already some people in the Conservative Party, ah..."

Joe Harriman seemed to like to talk about this topic when doing something with Barron:

"Some people are dissatisfied with the party leader for letting some old people make room for us..."

At this time, Barron was still calm and said lightly:

"I believe Cameron can convince them, otherwise he would not be able to sit in his current position. Speaking of which, although the style of the Conservative Party has changed, it is still more traditional than the Labour Party."

"So do you think we can win the election next year?"

"Snap" sound...

"What did you say?"

"Ah, Master, do you think we can win next year?"

Joe Harriman's face became more and more ruddy, and she heard Barron say:

"It depends on the choice of the people, but it seems that the situation is in favor of the Conservative Party, isn't it?"

Speaking of which, I'm afraid Brown is under great pressure now. Not only did the Labour Party lose too many seats in last year's local council elections, making them very passive, but also in the opinion polls published by some institutions, the satisfaction with the current government is not high...