We're setting up investment banking now ... people will be on the ground this year. It's one of the big opportunities our senior management sees globally.

You cannot do that through acquisitions alone. The real engine of growth is the core businesses themselves.

The investment banking team will be first on the ground, fixed income and equities will be the next phase. We'll do some transfers and we'll hire some people locally.

We did spot an opportunity in property at a time when the market was neglecting the sector.

We will be in good shape when the school year begins.

A very important misconception is that some think we are a venture-capital firm.