credit-suisse-asia-debt-boss-looks-for-recovery

Credit Suisse Asia debt boss looks for recovery

Derek Armstrong, managing director of Credit Suisse in the investment banking division, and head of the debt financing group in Asia, speaks to FinanceAsia about the crisis in credit markets and the potential for recovery.
ôThe key is volatility and uncertaintyö, says Derek Armstrong, a 15-year veteran of debt capital markets who has spent most of his career at Credit Suisse. ôIn these conditions the market is unstable and investors nervous. There needs to be a clear outlook both for corporate earnings and macroeconomic trends, in particular inflation and recessionary tendencies.

The difference between now and the Asian crisis in 1997 and the dot-com implosion in 2001, he points out, is that this time the crisis is far more broadly felt there is a confluence of factors, notably inflationary pressures, falling consumer spending and rising unemployment in the US, and the fear that the mortgage problem will spread to...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222