Nomura, owners of Lehmans and Instinet Europe as well as Chi-x, have made some interesting moves during this downturn.
The latest is that their key strategist for investments is none other than Fred Goodwin, otherwise known as Mr. Macro.
From Bloomberg today:
Mr. Macro, Stock Rally Prognosticator, Sees
Declines
April 24 (Bloomberg) -- A global equity rally that stretched seven weeks on optimism the economy
is recovering may soon collapse as investors lose heart, says Nomura Holdings
Inc. strategist Fred Goodwin.
Would you Adam & Eve it (that's cockney slang for "Believe it!" to our overseas friends).
Maybe this is why Nomura has just announced $7 billion in net losses for their last full year of operations?
$7 billion is over double Nomura's annual revenues.
Maybe they'll get rid of him now too?
Mind you, looking around LinkedIn, Fred has quite a few other jobs including being the Deputy CEO of Capricornia Credit Union.
So it's obvious that he's been multi-tasking and moonlighting for a while now, whilst also running RBS.
No wonder it was all such a mess, but then you need something to top up the pension y'know.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
