Robben Island to Wall Street

54

Chapter 5

PHHWLQJ %HIRUH WKDW , KDG D PHHWLQJ ZLWK $PEDVVDGRU (GZDUG 3HUNLQV ZKR KDG LQWLPDWHG WKDW WKHUH PLJKW EH VRPH WHFKQLFDO DVVLVWDQFH DYDLODEOH LI , PDGH D IRUPDO UHTXHVW 3HUNLQV ZDV WKH ¿UVW $IULFDQ $PHULFDQ DPEDVVDGRU HYHU SRVWHG WR 6RXWK Africa. , HODERUDWHO\ H[SODLQHG WR KLP WKDW RXU SULQFLSDO QHHG ZDV FDSLWDO DQG KXPDQ UHVRXUFH GHYHORSPHQW %\ LWV YHU\ QDWXUH D EDQN¶V JURZWK LV LUUHYRFDEO\ OLQNHG WR LWV FDSLWDOLVDWLRQ DV EDQNV DUH KLJKO\ UHJXODWHG :H DOVR QHHGHG EDQNHUV LQ VL]HDEOH QXPEHUV WR PHHW FRPPXQLW\ QHHGV 7KH ODWWHU UHTXHVW ZDV D WDOO RUGHU DV DSDUWKHLG KDG HQVXUHG WKDW WKHUH ZRXOG EH D VFDUFLW\ RI FROOHJH JUDGXDWHV LQ WKH DUHD RI FRPPHUFH DQG ¿QDQFH 6RXWK $IULFDQ EDQNV KDG VKRZQ QR LQWHUHVW LQ SURPRWLQJ $IULFDQV WR D OHYHO EH\RQG WKDW RI WHOOHU ,Q IDFW , FDQ¶W UHFDOO WKH FRXQWOHVV RFFDVLRQV WKDW , ZDV LQWURGXFHG LQ WKH FRPPXQLW\ DV D WHOOHU DW WKH EDQN GHVSLWH P\ SRVLWLRQ 7KDW ZDV WR EH XQGHUVWRRG H[FHSW IRU P\ SUHGHFHVVRU 0RWL 0DXEDQH QR$IULFDQ LQ 6RXWK$IULFD KDG HYHU ULVHQ WR WKH SRVLWLRQ RI &KLHI ([HFXWLYH RI D EDQN 7KHVH ZHUH WKH GDUN GD\V (YHQ WKHQ , ZDV VWLOO GHQLHG PHPEHUVKLS RI WKH 5DQG &OXE LQ -RKDQQHVEXUJ 0\ QHHG WR MRLQ WKH FOXE ZDV WR JLYH PH DFFHVV WR DQ LPSRUWDQW QHWZRUN LQ WKH FLW\¶V WRS EXVLQHVV FRPPXQLW\ $IWHU DOO ZH KDG VHYHUDO ODUJH EXVLQHVVHV WKDW QRW RQO\ KDG GHSRVLWHG VLJQL¿FDQW VXPV DW RXU EDQN EXW VHYHUDO RI WKHP HQMR\HG OHQGLQJ IDFLOLWLHV IURP XV 0\ QHJRWLDWLRQV ZLWK 86$,' UHVXOWHG LQ ZKDW WKH\ WHUPHG µWHFKQLFDO DVVLVWDQFH¶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¿HG DUHDV RI ZHDNQHVV ZLWKLQ WKH EDQN DQG WKH\ UHFRPPHQGHG UHPHGLDO PHDVXUHV WKDW ZHUH UHTXLUHG WR HQKDQFH RSHUDWLRQDO H൶FLHQFLHV 7DE DOVR HQJLQHHUHG P\ PHHWLQJ ZLWK WKH 0LQRULW\ %DQNHUV $VVRFLDWLRQ LQ WKH 8QLWHG 6WDWHV DQG LQ , ZDV LQYLWHG WR address their Annual Conference in Boston. 0\ FDPSDLJQ IRU RXU EDQN ZDV QRW RQO\ OLPLWHG WR $IULFDQ VSHFLDO LQWHUHVWV JURXSV , DOVR PHW ZLWK VHYHUDO EXVLQHVV OHDGHUV WR SOHDG WKH EDQN¶V FDXVH 2QH RI WKH PRVW PHPRUDEOH RI WKHVH HQFRXQWHUV ZDV DW $QJOR$PHULFDQ ZKHQ , ZDV LQYLWHG E\ WKH ODWH 0U +DUU\ 2SSHQKHLPHU ZKR ZDV WKHQ &KDLUPDQ RI WKH $QJOR $PHULFDQ

Made with FlippingBook - Online catalogs