Global Interdependence Center Conference, Dublin June 12, 2007 Michael G. Ryan Merrill Lynch International Bank Limited
Merrill Lynch International Bank Limited o
What’s the attraction?
The road ahead. . .
Merrill Lynch International Bank Limited
Merrill Lynch International Bank Limited Headquartered in Dublin o operates through international branches and subsidiaries The Bank employs 2,350, 750 in Dublin Total assets $150 bn $7 bn in capital Broad base of global markets and private client businesses Global Markets Debt Derivatives
Debt & Equity sales
Loan Trading Non U.S. Global Private Client Private Client Advisory
Retail Lending & Deposit Taking
GIC Conference: History History
Established in 1995 in Dublin, with 35 employees Expanded to approx 200 people by 2002 Commenced execution on a new phase of expansion in 2003
800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 2003 2003 2003 2003 2004 2004
Q3 Q4 Q1 Q2 Q3 2004 2004 2005 2005 2005
Q4 Q1 Q2 Q3 Q4 Q1 2005 2006 2006 2006 2006 2007
GIC Conference: What’s the Attraction What the attraction? EU market access Capacity and opportunity to innovate ◦ Efficient and effective legal, tax, and regulatory environment Operating leverage; a competitive edge ◦ Balancing cost, productivity, and opportunity ◦ A long-term view . . . Availability of talent; human capital Flexibility; ability to react and adapt ◦ Reduce or remove structural barriers
GIC Conference: Challenges Challenges
Globalization ◦ . . . challenges from the east, west and within. . . Managing success Costs ◦ Changes the business case; justify the premium ◦ Targeted offerings from lower cost economies Addressing the skills needs ◦Multidimensional challenge
GIC Conference: The road ahead . . . The road ahead . . . Transitional Initially: Export driven Connectivity with local business As we move forward . . . Firms are still export driven, but also more engaged with each other and the local market Focus on high-end activities Manage the challenges of success ◦ Define the brand
Published on Nov 7, 2011
Michael G. Ryan Merrill Lynch International Bank Limited GIC Conference Overview Challenges The road ahead. . . What’s the attraction?...