Financial & Business Services News by GLG Council Members

Given its pedigree---Hong Kong Shanghai Banking Corporation---to fund Asian development beginning more than 100 years ago it's interesting that the bank currently has 75% of its loan portfolio in the US and Europe.  Did they miss the curve for China, India and the ASEAN Region all supporting double digit growth for some years now? Better late than never but given the economic momentum in Asia...

Outsourcing HR  is a phenomenom  and the question is whether or not is the means to an important end result?  Is the outsourcing of HR of critical importance to the business world, HR departments, and if so to what end is this a phenomenom or a fade?  A quick look at what HR outsourcing really is and some questions for you to ponder will hel in deciding whether your business...

People are a leaders most important asset and the differentiation for competitive advantage.  A strategically aligned team is critical to elevate organizational performance to another level. HR’s roles is to deliver, apply and retain effective human resources; people who are aligned, quickly productive and retained to minimize costly transitions and output interruptions; right people, in...

Although this article is entitle HR Outsourcing, the only function it speaks of is the recruiting function.  While an important aspect of full spectrum Human Resources, Recruiting is one of the easiest to outsource and one which can actually improve the service available to internal employees.  The article does not mention any benefit to the company other than saving costs.  Although...

It seems as though the banks and those who purchase the mortgage backed securities have sobered up from their binge. The mortgage volume will continue to decline as the values reassert themselves to reality. The total absence of regulation with regard to the rating and viability of the mortgage backed securities went on with the International blessings of the government regulators on both sides...

As Sovereign Wealth Funds (SWF) triple by 2013, the question for investors is "Where will the money go?" At a conference this spring at Stanford, I discovered that the Fed thinks SWF investors may not be the sharpest knives in the drawer when it comes to investing in U.S. financial services firms. Unless SWFs start to make money off of their investments, they may wise up. And the expensive...

Merrill Lynch and XL, Citigroup and Ambac "Commutations" illustrate problem of blindly applying P&C Insurance concept to CREDIT risk and the CAPITAL MARKETS.   Grappling with one issue at a time, in  separate policies, silos and islands DOES NOT solve the problem, when they are ALL tightly related. It's all about CREDIT [NOT "insurance"]. Like Merril and SCA, AMBAC paid $850 million...

There are also many weaknesses to the India HRO/BPO and regarding this article RPO markets. Many of the drawbacks to HRO providers based in India make the Phillippines a safer bet.

1.  Banks in Dubai have limited credibiity in the eyes of USA investors.

1. Leadership: Decision Making Looks Rusty! 2. Operational-Excellence:  Not hitting on all 8!  3. Distribution:  Out of Alignment!