Glenn Rosewall

Glenn Rosewall (born August 28, 1961)
Career
Glenn Rosewall began his career, in institutional broking and investment banking, as an intern in 1980 at Peat Marwick Mitchell, which later merged to form KPMG in 1987.
Following the completion of Rosewall's studies at the Institute of Chartered Accountants in Australia, he worked as a senior trader and risk manager for Morgan Stanley in their New York City and London offices.
In 1990, Rosewall worked with Vikram Pandit at Morgan Stanley to place Bell Group’s 19 percent share holding in BHP Billiton (then BHP). At that time, Bell Group was controlled by Alan Bond and previously by Robert Holmes à Court.
In 1991, Rosewall joined Australian owned Ord Minnett Securities Ltd and eventually became the Executive Director and Head of Institutional Equities. He was responsible for the firm's distribution of some of Australia's largest IPOs and worldwide placements, including the floats of Billabong, MYOB, Cabcharge, and in 1999, Telstra 2.
Following the merger of Ord Minnett and JP Morgan Chase in 2000, Glenn relocated to New York to became JP Morgan’s US Head of Sales for Asian Equities and a member of the Bank's International Equities Executive Committee.
Since his return to Australia in 2003, Rosewall assumed the role of Executive Chairman and CEO of BBY Group, currently a top 10 Australian investment bank, as listed in BRW magazine. He has forged close ties with Richard B. Handler, CEO of Jefferies & Co. and CIMB - GK Securities Pte. Ltd.
Economic Views
Glenn Rosewall is a frequent market commentator on CNBC Asia's Squawk Australia and Trading Matters talk shows, who is well known for his bear global economic outlook. He points to the lack of US government regulation over the banking sector, associated with the repeal of the Glass-Steagall Act, as a major cause of the Credit Crunch and Financial crisis of 2007-2009. “(Bill) Clinton was convinced by the Executive Chairman of Citigroup, that it made sense to combine banks in order to compete globally, so the Glass-Steagall Act was repealed. Unfortunately, in my opinion, tearing it down has helped to cause this debacle,” Rosewall remarked in a corporate news letter.
Rosewall believes that it is the responsibility of international governments and the private sector, to restore savings pools and reduce consumption induced debt as a long-term solution to the Financial crisis of 2007-2009. In the short-run, Rosewall supports the use of government fiscal stimulus packages, targeted towards emerging industries including Renewable Energy and Information Technology, particularly to revive the Australian and United States economies. “This focus will create jobs, stimulate the economy and produce a good long term return.”
His analogy, “Americans are going to go back to one Starbucks a day and drinking tap water,” has generated successive waves of controversy on Asia Pacific media talk shows.

Main Menu

See Also

Main Menu