From Wall St to Dalal St ; Risk Isn't a Four-Letter Word for Merrill Lynch.

Business TodayJune 03, 2008

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Summary


After he stepped into the hot seat at wealth management giant Merrill Lynch, John Thain, Chairman & Chief Executive Officer, has been an extremely busy man raising capital, reenforcing risk management practises and bolstering businesses in fast growing destinations like India. Thain has been particularly upbeat about the Indian economy.

The Asia Pacific region, particularly India, is one of the most attractive places for growth. There's a lot of wealth being created in India, said Thain who was in India last fortnight on a whistle- stop visit. India, with its strong local demand, will be relatively less affected by the global credit crisis.

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From Wall St to Dalal St ; Risk Isn't a Four-Letter Word for Merrill Lynch.

The former executive of NYSE Euronext has been successful in fixing...

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