The five most influential people on Wall Street
Institutional Investor magazine recently published its rankings of the 25 most influential people in investment banking, including the CEOs of banks and traders on Wall Street and around the world.
In a time of historic transformation of the financial world, these people not only headlined some of the most influential companies, but also are able to shape the future of finances for years to come.
Fall in the rankings as popular and not so known personalities, but have the greatest power. Here is what are the five most influential people on Wall Street:
5. Brady Dugan
CEO
Credit Suisse
Unlike its competitors from UBS, chief executive of Credit Suisse Dugan Brady managed to avoid a rescue by the government during the crisis as funds raised from the Gulf. However, 2008 was difficult to Credit Suisse. With the recovery of markets in 2009, Dugan reasonably reduce risk and focus the Bank’s activities on trade in bonds and shares and the increase in market share in major brokerage services. Credit Suisse also managed to get back together firmly among the world’s leading investment banks. Even the private banking division of Credit Suisse has money, although the investigation of tax evasion in offshore accounts by wealthy Americans. The big question now is whether Dugan will increase the risk when conditions allow and will loose his purse for acquisitions?
4. Robert Diamond Jr.
President
Barclays
Never waste a crisis. This is the mantra of the Obama administration, but few people took it to heart so much as Bob Diamond, who erstwhile supporter of John McCain. A former bond trader turned Diamond brokerage division Barclays Capital into a world power, but this is only the prelude to his greatest move – buying a U.S. division of bankrupt Lehman Brothers in 2008, conveniently situated in the old headquarters of Lehman Brothers Square in Times Square Now Diamond is committed to transforming Barclays in the company of the top three. Given his previous achievements of one of Wall Street did not dare to ignore his ambition.
3. Josef Ackermann
CEO
Deutsche Bank
In 2008, Deutsche Bank reported its first annual loss since World War II. CEO-to Josef Ackermann that it is a painful experience. However, having managed to bring the bank in the worst financial crisis in 70 years time he expected to reap the fruits of the restoration markets. Deutsche Bank’s profits recover steadily, while Ackerman failed to renew his contract for another three years. It is a rare combination of player and coach, succeeding to manage an investment bank and to recruit clients. Ackermann is now in a good position to make the Deutsche Bank in a balanced financial services company, and perhaps during the process to ensure their place in history.
2. Lloyd Blenkfayn
CEO
Goldman Sachs Group
One moment it seemed as if Blenkfayn Lloyd will be remembered for its resilience during the financial crisis in 2008 did not, he assures concerned colleague, this is not like storming the shores of Normandy. Although markets are not turned against Goldman Sachs in 2009, all others in Washington by politicians to ordinary citizens, made him look after the company apparently prosper while millions of people suffering from recession. Former securities trader Blenkfayn, who became CEO of Goldman in 2006 when Hank Paulson was Minister of Finance does not help particularly for dispelling negative feelings after an interview in a London newspaper said that more than well-paid bankers at Goldman do „God’s work.“ Now it may remain forever associated with that phrase. Blenkfayn however, is generally liked leader. It is certain also that during the next crisis, the president will initiate a hotline to the headquarters of Goldman.
1. James Diamond
CEO
JPMorgan Chase & Co.
No other bank leaders emerge from the crisis with more power and respect from the CEO of JPMorgan Chase Jamie Diamond. Under his leadership, JPMorgan approached near the top in virtually every global ranking for investment banking. Revenue and profit of the bank seems to go to record levels in 2009, famous for it inspires loyalty among his subordinates and that paid great attention to detail, Diamond now has to fight to the changed financial environment, the growing number of competitors, and greater interference government in the financial sphere. Although only 53 years, it must ensure it started, preparing his deputy. Diamond began by appointing Jess Staley, a former division head of asset management of the Bank head of investment bank Morgan and reared generation of leaders aged 40 or over on
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