Campbell reflects on 50 years as a broker

The retiring CEO of Goldman Sachs JBWere says investment banks have to put their capital to work to survive in todayÆs market.

Two weeks ago, Terry Campbell stepped down as CEO of the Australian investment bank Goldman Sachs JBWere after 10 years at the helm. He handed over the reins to Craig Drummond, his second-in-command, but is staying on as the bankÆs chairman.

Campbell was a key player in forming the 2003 partnership between Goldman Sachs and JBWere which saw the US investment bank take a 45% stake in the Australian business. Last year, the firm was one of three...

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