Rebirth of England.

Chapter 677 Shadow Cabinet
Following the completion of the acquisition of Barclays Global Investors (BGI), BGI's business will be integrated into Merrill Lynch Investments, the asset management arm of Standard Chartered-Merrill Lynch.

However, BGI's ETF fund iShare will be retained intact, and Merrill Lynch Investment will increase its investment in ETFs through this fund.

In this way, the assets managed by Standard Chartered Merrill Lynch will exceed US$2.5 trillion, making it one of the largest asset management companies in the world.

"We are very optimistic about the future development of ETF funds, and after the subprime mortgage crisis, the global economic recession will pass sooner or later, which will not affect our investment strategy."

In an interview, Davis, president of Standard Chartered Merrill Lynch, said:
"At the same time, we are also working with DS Group to create the latest risk assessment system. Yes, it will be similar to BlackRock Group's 'Aladdin' system. In this regard, both Standard Chartered-Merrill Lynch and DS Capital have relatively rich experience. The quantitative fund under DS Capital is currently one of the best performing and most stable quantitative funds in the world. Combined with the historical data we have accumulated, I believe that this risk assessment system will perform as well as the Aladdin system..."

"What do you think of the fact that Standard Chartered Merrill Lynch has just surpassed HSBC Holdings in market value to become the largest listed bank in the UK?"

In response to the reporter's question - yes, because Standard Chartered Merrill Lynch's stock price performance after the subprime mortgage crisis was more stable than other banks, and after the recent successful merger with Barclays Bank's asset management department, its market value has surpassed HSBC Holdings and become the number one listed bank in the UK - Davis replied:
"The performance of the stock price is indeed important. This is good news for our investors, but it is not the most important thing. Standard Chartered Merrill Lynch will not be limited to a certain region, but hopes to provide professional financial services to people all over the world. In the future, we will also have plans to go public in the United States..."

"When? We cannot give a specific time. We need to consider the global economic situation. After all, it is not a good time for companies to go public. But we believe that the global economy will soon emerge from recession and usher in a strong rebound."

……

"That speaks volumes about Standard Chartered-Merrill Lynch's ambitions, doesn't it?"

Just as Joe Harriman finished speaking, with a "pop" sound, the woman who was originally possessed and pouring coffee immediately stood up and looked at Barron...

Fortunately, she remembered to hold on to the coffee pot, otherwise it would have been a lot of fun.

"You seem to have forgotten that you are no longer a financial anchor, Ms. Harriman."

Facing Barron's gaze, Joe Harriman placed the coffee pot on the table, then stood obediently in front of Barron and leaned over...

It has to be said that in addition to her extremely good looks, Joe Harriman also has a very good figure, at least the right places are well-proportioned - this should be the good genes inherited from her mother who was a model.

But Barron showed no mercy to her tight skirt...

The sound of "pop" was heard again.

"Now that the scale has reached the level of Standard Chartered-Merrill Lynch, it is no longer useful to simply keep a low profile. We also need to take responsibility, which is to enhance market confidence."

Barron's words seemed to be a response to Joe Harriman's complaint just now.

They are now in Joe Harriman's residence - after his last residence was robbed, Joe Harriman moved to this new residence.

The current community is located very close to the Greater London Council. Many MPs and politicians live nearby, so the security is naturally very good.

And in light of what happened last time, Barron also specially added security measures for Joe Harriman, so in terms of security, the place is satisfactory enough.

Next year, Britain will hold another general election. In addition to being a member of the Greater London Assembly, Jo Harriman has also joined Cameron's latest shadow cabinet as Minister of Women and Equality. She is one of the three female members of the Conservative Party's shadow cabinet, the other two being Theresa May and Truss. This is also related to the composition of the Conservative Party's shadow cabinet members. Before this, after Cameron's last shadow cabinet list was announced, it was called the "old boy cabinet" by the media, believing that there were too many male members - there was only one woman on the list at the time, Home Secretary Theresa May...

Cameron's advisers also advised him to increase the number of female shadow cabinet members, otherwise it would be detrimental to next year's general election and would make the Conservative Party less attractive to female voters.

So in the end he added two women, Truss and Jo Harriman, as shadow cabinet members. Although the shadow cabinet position held by Jo Harriman was of low importance, it at least showed Cameron's attitude...

After all, as a once-famous host, Jo Harriman has always been labeled as an "independent woman". In her previous elections, she has always emphasized women's rights and has been committed to improving the social status of women.

She has also spoken in support of specific groups, and putting her in the position of Shadow Cabinet Minister for Women and Equalities will also help the Conservative Party win votes from certain groups.

What others don't know is that Joe Harriman, an independent woman, is not really independent when she is with a certain duke...

Of course, this scene will never be known to others.

"There are already some people in the Conservative Party who, ah..."

Joe Harriman seemed to particularly enjoy talking about this topic when he was doing something with Barron:

"Some people are dissatisfied with the party leader for letting some old people make room for us..."

At this time, Barron was still calm and composed. He said calmly:

"I believe Cameron can convince them, otherwise he would not be in his current position. Although the Conservative Party's style has changed, it is still more traditional than the Labour Party."

“So do you think we can win the election next year?”

There was a "pop" sound...

"What did you say?"

"Ah, Master, do you think we can win next year?"

Joe Harriman's face became more and more ruddy. She heard Barron say:

"It depends on the people's choice, but it looks like the situation is in favor of the Conservatives, isn't it?"

Speaking of which, I'm afraid Brown is under a lot of pressure now. Not only did the Labour Party lose too many seats in last year's local council elections, which made them very passive, but also in the opinion polls published by some institutions, satisfaction with the current government is not high...

(End of this chapter)