She now matches the world’s biggest private capital investors with the deal flow from Macquarie Capital, via a team that covers investors in Japan, Korea, New York and London and has lines to deal teams across the bank. Then-CEO Nicholas Moore tapped her for the investor relations role after she returned from maternity leave, and the head of private capital markets was created for her. And she has had great success in each of them. Spillane has done it all in her 26 years with Macquarie: equity capital markets for 12 years, investor relations for the group post-GFC, and now private capital for seven years and counting.
#Switchup investment how to#
If you need some sage advice on how to switch up your career within an investment bank, Joanne Spillane is the woman to call. Head of private capital markets, Macquarie Capital But also about what the industry could do better to help more women rise to the top, as we celebrate International Women’s Day. The Financial Review lists five women dealmakers in investment banking at the top of their game. (Left to right) Macquarie Capital’s Jo Spillane, Morgan Stanley’s Nancy Tchou, UBS’s Holly Clements, Jarden’s Renny Paraskeva and Citi’s Adeline Chew. Make no mistake, the top ranks are still male-heavy but, as several people we spoke to say, the tide is finally turning. In reality, women are taking top roles at investment banks across Australia, turning on its head the perception that the higher echelons of finance are not the natural choice for women. The Fed has raised its benchmark interest rate by more than 3 percentage points so far this year, and futures traders expect the central bank will deliver another 75 basis-point rate hike at its meeting in November, and possibly another in December.Think of the word “investment banker” and the image that pops into mind is most likely of a Caucasian man in a dark suit. “I think the Fed is doing the right thing today,” he added. I think they stayed too easy too long,” Rieder said.
Of course, bonds may well still be in for more volatility this year as the Federal Reserve continues to aggressively hike interest rates.Īsked if the Fed is moving too aggressively, Rieder said he’s “not worried” about future Fed rate hikes, adding that the central bank just needs to raise the Fed funds rate to its “terminal rate” as quickly as it feasibly can.
“I think for the time being, fixed income makes a lot of sense,” he said. “I think in the near term 40-60 makes more sense if you can get yields at these levels,” Rieder said during an interview with MarketWatch reporter Christine Idzelis, adding that insurance companies, pension funds, endowments and other institutional investors can easily earn a yield of 5% to 6% from a portfolio of short-dated bonds, with some high-yield assets mixed in. Logged its highest end-of-day level in 15 years on Thursday on what was an extremely volatile day for markets. His recommendation comes as Treasury yields are trading at or near their highest levels in more than a decade. Fixed-income investing head of world's biggest asset manager said Thursday's market was 'one of the craziest days of my career.'
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