crisis. joining us now is alan higgins, chief investment officer at coots. thank you for joining us. -- at coutts and company. thank you for joining us. how has it been in the investment world since friday, the 24th of june? alan: it has been challenging. from a sterling base, we have the beneficial wins in terms of sterling depreciation -- the beneficial winds in terms of sterling depreciation. market oforder in the the ftse. did not quite get hit pay we like to think we were supporting the market. we ordered under that. the rationale is that one thing is clear to the large companies. 80% of revenue outside of the u.k. -- it is clear there are a fishery -- a beneficiary. a technicalt on rebound, i would not push on that, but it would depend on global equities. mark: because when it has been so unloved -- the u.k. market as a whole -- is it time to start loving u.k. equities? when we not go that far looking at the ftse 250? it is much more u.k. oriented, and now is finally underperforming. larger.ve a buy for the we are down pound, 10% since friday, the 24th. are you thinking we wil
,us: that was boris collar the ceo at julius baer. alan higgins is the cio at coutts and co. i thought that was actually quite heartening news. his business model is so much more linked to trading, and perhaps in a relative sense, to ubs and to credit suisse. clients are back. >> that shows you what a good business world private banking is. credit suisse wants to go that way. ubs is already there. the trading part i think he is referring to, especially asia. in europe, especially in the u.k., there is a lot of discretionary management, but in asia, it is all about trading. so, it is very encouraging, the we also saw it in morgan stanley's results. anus: as i sit here with the flag. is that setting us up for a slightly less negative credit suisse and ubs at the end of the week. paralyzing volatility, that is how the first quarter of described. it has not been ane as easy quar to do business in . brexit,run up to we saw a real pull back, didn't we? >> is a pretty decent fixed income returns. suisse, there seems to be some workin in progress there. manus: a very measured response.
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