- A mandate that our
firm picked up last year for the investment holding company (the same that
we launched the credit-linked note back in January) has been transfer to our team. The client clearly
needs the money and needs it quick. Luckily much of the work has already
been done by the previous team. We've had great relationship with this
client and this deal should further boost our standings with them and our
profile in the country our client is from.
- Finally, after I got news from one of my uncles that
my mom has left the 'recovery clinic' and back at home. There are still
all kinds of difficulties ahead, but lets hope that things will improve
from this point onwards.
- It has not been a good 18 months for anyone
who's working in the financial services industry. For those who are not
directly involved, there has only been little bits of news here or there -
only the really BIG BAD news gets reported because there so much bad news
around. If you go to
eFinancialNews.com, you'd see that nearly everyday, there's some firm
"downsizing" or "refocusing their strategy" or "redeploying its resources"
or simply pulling out of certain markets. This is a scary time! In my
firm, just like any other financial institution, there's a lot of pressure
to perform at all levels and EVERYONE is under review. The past 6 months
months have been very difficult.
- The brother of Ruler_of_spike and
his family came to London for a brief visit. Unfortunately I've been too
stressed at work to fully appreciate his visit, nevertheless, it was a
very busy but enjoyable weekend. It was good that he now knew how we live
in London. This was not the first time they come to London, so we didn't
do many of the really tourist-type things, but at least they got to see
the area where we live and explored some place that are 'off the beaten
- My mom has now been transferred to a 'recovery clinic'
as her condition is no longer require high level of medical attention.
- Our performance bonuses
have been announced and it is no surprise that they're very disappointing.
2002 has been a bad year and the senior people have been spending the past
couple of months 'managing our expectations'. It is a fact of life and I
just have to live with it. However, I don't feel that the amount of work
and effort junior people, like me, put in over the course of the year have
been justly reflected in the level of compensation. In my opinion, if the
revenue is below par, it is the senior people that should hurt most. But
then again, I'm sure I'll be singing a different tune when I become one of
the senior people...
- All the
speculations about war in the Middle East are making the markets very
jittery. However, we're still working full steam ahead on the transactions
we've been mandated. I just hope that the current uncertain time will pass
quickly and for the markets to regain confidence.
- I got news from one of my uncles that my mom has had an accident
and she is now in hospital with a bruised hip. Very worrying time... For
those who know my mom, this is not any easy thing for her. As always,
little things for her tend to have all kinds of complication.
- Happy Valentine's Day!!
- Happy Chinese New Year!! May you have a great year of the Ram
(or Goat or whatever)!!