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But Getco has been building out its client business in the last few years.
Another thing, which is important, is that 80 percent of our business is repeat client business.
Mr. Johansson said his goal was to focus "single-mindedly" on growing the client business.
The firm's global private client business posted its best results in 14 quarters.
A leading European bank, UBS, plans to buy the German private client business of Merrill Lynch.
Bankers are now rewarded for winning client business over the long term, not just for booking big quarterly profits.
Similar(6)
Reputation, he said, is crucial to the private-client business.
"I was absolutely impressed with what he did at the private-client business," Komansky said.
In May 2002 she became head of its European private-client business with the rank of first vice-president.
To help expand its private-client business, Christie's, an auction house, has leased space in Singapore's freeport (which also houses a diamond exchange).
Under the original deal, Haunch was meant to be the channel for all of Christie's private-client business as well as the focus of its primary trade.
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