David Solomon
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's actually been growing faster than that.
And we continue to invest
In a variety of aspects of that business where we see real growth, we can grow our wealth business, which is an ultra high net worth wealth business.
We can continue to grow our alternatives platforms, private capital formation.
And we have a very flexible solutions business where really for big institutional capital allocators, we have an ability to really create and customize what they need from an investment perspective.
I mean, my prescription for that is savings in Europe and capital in Europe needs to come into the risk economy in Europe.
You just don't have the scale and scope of the available savings here getting deployed into the tech risk ecosystem at the pace that it should
when you compare and you look to the way things are deployed in the United States.
And in fact, one of the things that happens here is capital from here looks over there.
And so there are enormously smart, talented people here, lots of great ideas, capital formation, and a real focus on risk-taking.
Stuff's going to go right, stuff's going to go wrong, but you've got to take risks, you've got to deploy capital.
This really has to become a bigger center of capital deployment, and also the more
We can get the European Union to be operating as an economic union and taking advantage of the 400 plus million people that are here as opposed to the individual states, for lack of a better term.
The more we can get the tech economy working that way, I think the better chance we have of reaching your goal, which I think would be a very noble goal for the world.
I mean, the more innovation over here, the better for the world.
You know, I'm feeling more urgency when I'm over here, but still, you know, the regulatory process in Europe is slow.
Capital markets union for sure, you know, more encouragement of risk taking in capital markets, trying to bring it all together.
Consolidation in the banking system instead of national champions in every market.
Consolidation in the exchange system instead of champions in every market.
You know, those are all things that will make capital formation easier, risk capital formation better, and will allow