1.0
May 3, 2017
Recommend
CEO approval
Business Outlook
Pros
a few very good individuals in either management or front office a large balance sheet which they are willing to put to work strong expertise in certain specific areas (lending in particular)
Cons
platform is too far behind as compared to competitors when it comes to legal, operations, systems, models, risk and business strategy. Environment is very political with a clear divide between French versus Americans, regional platform versus Head office, Equity versus Fixed Income. Management lacks vision and ambition to grow and gain market shares. Name recognition is a huge impediment to grow the business and US management is not willing to invest in promotion and marketing.