Ronnie Screwvala Quotes

There's more honor in investment management than in investment banking.

We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.

We have a very competitive and profitable investment bank and strong asset management capabilities. We want to continue to build on all those businesses organically.

I hated being a junior investment banker. I loved the research business, the wealth management business.

I founded SkyBridge - an alternative investment management company focused on seeding and partnering with emerging managers and mentoring Wall Street's next generation of Wall Street's entrepreneurs - in 2005.

I have nothing against investment banking, but it's like massaging money rather than creating money.

I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they develop a product that has become known as index funds.

We don't think of ourselves as a regional investment bank. We think of ourselves as merchant bankers with clients all over the country.

We at Fidelity view ourselves just as much a financial information processing company as an investment management firm. That may not be too newsworthy.

My father was an investment banker, a stock broker.

We are not only one of the largest investment firms but also one of the best performing.

Wealth management businesses are capital light businesses.

When people ask me what I do for a living, I generally tell them 'I run a hedge fund.' The majority give me a strange look, so I quickly add, 'I am a money manager.' When the strange look persists, as it often does, I correct it to simply, 'I'm an investor.' Everyone knows what that is.

As an investment banker, I'm in the cross-flow of information and the changes that are taking place in capital markets.

Some of my best friends are Venture Capitalists, but let's face it, a hamster with Alzheimer's could make those kind of numbers. It's great work if you can get it.

I have nothing against investment banking, but it's like massaging money rather than creating money. If you're in physics, you create inventions, you create lasers, you create transistors, computers, GPS.

What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is a middle man - someone who is here to match people who need capital with people who have capital - and not position ourselves at the center of that by taking big positions on a trading stance.

In our equities business, 49 of the 50 most important Lehman clients are back doing business with us. The flows are 75 to 80 per cent of what they were prior to the bankruptcy. The issues which damaged Lehman were around commercial mortgages and illiquid private equity assets.

I started a business with two guys I played with, Ronnie Lott and Harris Barton: Champion Ventures, it's a fund of funds. We have $400 million or so under management.

I now work for a finance company in Luxembourg with projects in South America and the Caribbean.

I thought at the time that I wanted to go into institutional sales, selling stocks and bonds to institutions. In those days, which was the 1960s, the institutional salesman was making about $100,000 a year. I thought that was just an enormous amount of money.

All I'm trying to do is manage money and take care of my shareholders.

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.

Merrill Lynch is this hugely prestigious brand.

I decided I was going to go to Wall Street, and I was introduced to some people... I met a guy who knew a bond trader at Pressprich, and he got me to meet him and the guy that ran their sales department, Jack Collin.