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I wanted to see the world, and whether it was investmentbanking, or basket weaving really had absolutely no bearing on my decision. MIELLE: Of course, I was and it was particularly ruthless because I was in a group called FIG, FinancialInstitutions Group. MIELLE: So financialinstitutions were not my industry to cover.
Investmentbanks were not really a known concept in the area where I grew up. SALISBURY: Generally, it’s asset liability mismatches that causes bank failures, but it also causes, in some cases, hedge fund failures and other financialinstitutions to fail. RITHOLTZ: For sure.
I mean, at first, I got out of undergrad, and a degree in finance coming out of a small college at the time, Quinnipiac College, the gigs I was offered were essentially customer service jobs at mutualfunds, call service, manning the phones, which I was no stranger to. That’s what big financialinstitutions are after.
We also completed large index deals with two of the world's top investmentbanks, which Baer will discuss shortly. In two of our most notable index business wins, we expanded our relationships with a pair of large investmentbanks in the Americas. So, I'm pretty bullish on the opportunity there. Thank you.
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