Bloomberg Talks

Goldman Sachs Asset Management Head Marc Nachmann discusses the move towards third-party fundraising and the future of M&A with Bloomberg's Sonali Basak at the Goldman Sachs Financial Services Conference.See omnystudio.com/listener for privacy information.

Mike Arougheti, CEO of Ares Management, shares insights into his firm’s record-breaking fundraising year and innovative capital-raising strategies. He discusses emerging investment opportunities despite high interest rates, showcasing the link between available capital and increased M&A activity expected by 2025. Arougheti highlights the resilience of private credit and real estate markets, while emphasizing the importance of adapting strategies for distressed assets and diversified portfolios in a shifting economic landscape.

Denis Coleman, CFO of Goldman Sachs, shares insights on the future of mega merger deals and the current M&A climate. He predicts a revival in large-scale transactions exceeding $50 billion by 2025, fueled by strong client interest. Coleman discusses the impressive 52% boost in Goldman Sachs' stock value and how regulatory shifts could enhance business confidence. He highlights the challenges posed by potential interest rate hikes and emphasizes the importance of talent acquisition amid economic uncertainty, setting the stage for future growth.

In this discussion, Dave Ricks, CEO of Eli Lilly, shares insights on the company's groundbreaking weight-loss drugs, like Zepbound and terzepatide. He elaborates on their potential in treating addictive behaviors and combating the rising global obesity crisis. Ricks highlights the need for accessible treatments and the complexities of drug manufacturing. He also reflects on his career journey and the transformative impact these medications can have on patients' lives, emphasizing the importance of sustainable health changes.

Jane Fraser, CEO of Citigroup and a trailblazer in finance, discusses the monumental impact of geopolitics on the banking landscape. She explains how adaptability and technology, particularly AI, will shape the future of finance. Fraser outlines Citigroup's ambitious five-year turnaround plan, focusing on modernizing operations and targeting growth in wealth services. She also emphasizes the financial sector's evolving challenges, including market volatility and cybersecurity, shedding light on how these can create new opportunities.

Eric Trump, Executive Vice President of the Trump Organization, shares insights on the evolving landscape of crypto and real estate in Abu Dhabi. He discusses the transformative power of cryptocurrencies and blockchain, emphasizing their advantages over traditional banking. Eric also reflects on the U.S.'s stance on Bitcoin regulation and the importance of supporting innovation. Navigating ethical business practices during political challenges, he reveals personal motivations driving the Trump family's real estate ventures while maintaining a commitment to integrity.

Robyn Grew, CEO of Man Group, shares insights from her extensive experience in the asset management field, known for steering growth in client assets. She discusses strategic acquisitions, emphasizing the need for uncorrelated opportunities and avoiding redundant markets. Grew also highlights the role of AI in enhancing decision-making, showcasing how technology complements human expertise in investments. Additionally, she navigates the complexities of market uncertainties, stressing the importance of adaptability and strategic planning.

Jenny Johnson, President & CEO of Franklin Templeton, dives into the evolving landscape of investment management. She discusses how traditional money managers are adapting to the surge in alternative investments post-2008 financial crisis. Johnson also explores the complexities of blockchain technology and its impact on financial systems. Cultural dynamics within business and the necessity for strategic partnerships are emphasized, alongside the importance of navigating economic challenges and incorporating diverse perspectives in investment strategies.

Tim Adams dives into pressing global economic concerns, spotlighting the optimistic outlook for the banking industry amid potential deregulation. He addresses the daunting national deficit and its ties to Social Security policies. The discussion emphasizes the urgent need for banking consolidation in Europe, contrasting it with a robust American banking scene. Political dynamics in Europe are explored, highlighting pro-growth initiatives and economic recoveries in Spain and Greece, while examining Germany's crucial role in shaping the continent's financial future.

Ilaria Resta, the CEO of Audemars Piguet, brings a fresh perspective to the luxury watch industry after her tenure at Procter & Gamble. She discusses her strategies for navigating the complexities of the global watch market, focusing on sustainable growth in challenging regions like China and the U.S. Resta highlights the meticulous watch production process and the shift towards female consumers, emphasizing education and breaking stereotypes. She also reveals plans to enter the certified pre-owned market and underscores the importance of supply chain control amid geopolitical factors.