1. What is it like to be a female leader in a „man’s world“?
It is a challenge indeed. Female intuition and multitasking provide me with a certain advantage in an otherwise complex world which I can make use of. I am sure the experience of being a mother gives me a head start, too. You need be incredibly patient when dealing with many tasks, and children teach you that. After all, we all seek praise and we all need only the conditions to show our best. „Managing“ kids is strikingly similar to real management, only the tasks and situations are different.
2. What inspires you in your profession?
Interesting personalities I meet daily – clients, business partners or colleagues. Private banking doesn’t come and go with the director, but with the team that allows us to provide the best private banking services in Slovakia. It is my team that inspires me daily. A huge motivator for me is also my employer because it dictates the way of banking worldwide. It is an honor to work for a company that belongs to world’s best in the industry. Our mobile banking was awarded as the best in this category. Knowing we are shape the future is what drives me forward.
3. What is your opinion on events that shook the world’s financial system in 2008?
I don’t know if there is any other opinion on what starts a crisis than what has already been scrutinized and described in such complex ways. Greed and the desire to have more and more always end up the same way, repeatedly causing worldwide collapses. We were facing a moral crisis and our economy was hit as a result.
4. Would you agree that financial system regulation will avoid future crises?
I don’t think so. Are we talking about the incapability to repay mortgages in general or about the desire to own better and bigger houses than we can afford? Can we regulate human morals?
5. What is the typical client risk profile in private banking?
Considering client investment profiles, they are typically conservative, yet with higher yield expectations. An average private client is over 57; he more or less exited the daily business and has high demand for services that are being met. We continue to improve the scope and quality of client services to meet the growing demand of client needs on the highest level.
6. What do you think of the real or virtual value of the current global financial system?
All depends on your definition of value. If virtual value covers everything we cannot touch, the answer is yes. On the other hand, sharing company profit is natural. I purchase company shares as a part of the company’s entire value and receive dividends in return. And if many investors feel the same way about one company, it inevitably reflects in its share price.
In my opinion the issue lies in monetary policies of central banks that allow „printing“ money and therefore depreciate the term value.
7. Do you see any similarities comparing the situation of troy ounce in 1970 (in USD) considering the Bretton Woods Agreement with the current value of USD considering the value of Dow Jones index?
Again, my answer is value depreciation. We chose it to be gold or an index, next time it can be any service. The answer is inflation.
There are two points of view. The current DJIA to gold ratio is approximately 12. 3. This means a Dow will cost you 12 oz. The graph shows a ratio of 20 in 1970 which means that shares (DJI) are cheaper in gold now and share investment remains an interesting choice compared to gold.
On the other hand gold is expensive compared to the cost of running a business and this ratio increases when gold sells for 800 USD/oz which gives us a Dow to gold ratio of 20.
8. Which services can a client expect from his private banker?
There isn’t any hard definition, of course except for any illegal or inappropriate subjects. It is only good if you turn to your private banker with all your financing needs. The relationship between a client and his banker should be built on mutual trust. Clients are looking for financial experts and an intermediary between them and the bank. Bankers are such intermediaries who are involved in all financial matters from transactions to financing or asset management. The relationship between a client and his private banker develops over time and in many cases even turns into a friendship.
9. Do financial resources ensure a happy and carefree life?
Happiness is only a mater of luck. It is not a guarantee. Financial resources allow us to express ourselves or make others happy which in turn makes us happy, too. I see financial resources as one out of many roads to happiness. They are neither a guarantee nor a condition for happiness. I’m happy because my kids are healthy and I have job I love.
People often don’t appreciate what they have ye there are so many things to be grateful for: having a hot dish every day, a place to sleep and peace in our country. These criteria alone classify us as one of the 5% of happiest people worldwide.
10. If you had a magic wand that grants wishes, where in the world would you ask for change?
I would wipe out jealousy and hate and sprinkle more love, hope and positivity over people. By the way, I don’t think a magic wand can be real only in fairy tales. Each of us has his life as the most powerful magic wand.
11. As a banker, what is your final piece of advice to our readers?
As a banker and investor I say diversify. Diversify your portfolio across investment tools and sectors. If you split your portfolio into fractions, you can rest assured you win any situation with this strategy plan. No one owns a crystal ball to predict which assets will yield best returns, just like there are no guarantees in running a business. If you, however, diversify your portfolio wisely, there won’t be any disruptions to your natural cash flow.