Bloomberg Invest Global, a flagship virtual event spanning three days and four regions, got underway in Hong Kong with Charles Li, CEO of Hong Kong Exchanges and Clearing Limited, talking to Bloomberg TV anchor Yvonne Man about the IPO pipeline and the topic most top of mind for every financial executive with operations in Hong Kong: What does China’s new national security law portend for the future of Hong Kong as a global financial hub?
Later, in the Middle East/Africa region, Khaldoon Khalifa Al Mubarak Group CEO and Managing Director of the sovereign wealth fund Mubadala Investment Company, spoke to the inconsistent global response to the Covid-19 pandemic and also Mubadala’s move to double down on its tech investments, particularly in Asia. African Bank executives Ade Ayeyemi, CEO of Ecobank, and James Mwangi, CEO of Equity Group Holdings, both warned that debt forgiveness would harm, not help Africa. Then it was on to London and a conversation with UBS Group Chief Operating Officer Sabine Keller-Busse who predicted that ultimately, “perhaps a third” of UBS employees worldwide could end up working remotely on a permanent basis.
Bloomberg Invest Global concluded for the day with conversations out of North America, starting with Stephen Schwarzman, Chairman, CEO and Co-Founder of Blackstone in a wide-ranging conversation about China and his expectations for a “Big V” economic recovery. Famed short seller Jim Chanos talked with Bloomberg TV anchor Scarlet Fu about Wirecard and Tesla — and had tough words for both. Mary Callahan Erdoes, CEO, Asset and Wealth Management at JPMorgan Chase & Co. compared the U.S. government’s response to the 2008 financial crisis and the current COVID-19 pandemic. David Rubenstein, Co-Founder and Co-Executive Chairman of The Carlyle Group, interviewed Bill Ackman, CEO and Portfolio Manager of Pershing Square Capital Management about why he became an activist investor (hint: it suits his personality) as well as why the markets seem to have a rosier view of the future than the actual numbers would suggest.
Day One of Bloomberg Invest Global ended with a powerful conversation between Bloomberg Live Senior Editor Shartia Brantley and John W. Rogers Jr., Founder, Chairman, Co-CEO and Chief Investment Officer of Ariel Investments, about his personal connection to the 1921 Tulsa race massacre, the need for “economic justice” as well as social justice, and whether he thinks real progress toward racial equity will come out of the protests over the killing of George Floyd.
View our highlights from Day One below, and click here to view all content on demand.
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