NEW YORK (Reuters) - The following are selected quotes from speakers on the second day of the Reuters Finance Summit in New York:
TODD THOMSON, FOUNDER AND CEO OF HEADWATERS CAPITAL LLC:
"I fundamentally don't believe that Citi's issues are ones of strategy. I fundamentally don't believe the issues are ones of being in too many products or too many businesses. I fundamentally believe it is an issue of execution."
"I think Bob Rubin is absolutely the right guy to be in the chairman role. I think that if anyone can sort this out in the right way and provide the right leadership at this moment in time it is Bob."
ROBERT KELLY, CHIEF EXECUTIVE, BANK OF NEW YORK MELLON CORP
"We are not huge in China today but certainly over longer term we want to be."
"I think the opportunity is huge, over the long term, in China, given the size of the workforce, the growth in GDP (gross domestic product), the size of the savings rate, as well as the investment pools that are being created,"
"We've got to get this behind us, as an industry, as a global industry, so that we can get these things closer to market, so that they actually clear," he said about the process of having financial markets rebound from the recent credit crunch.
JEFFREY WERBALOWSKY, CO-CHIEF EXECUTIVE OFFICER, HOULIHAN LOKEY HOWARD & ZUKIN
"We are establishing a merchant banking fund, and it will assist with our advisory business."
"We are in the market for more. For more stuff. We are in the market for boutique investment banks."
"We are advising Iraq with its sovereign restructuring its debt."
"I hate disappointing people and in the public markets you always run that risk."
(For summit blog: summitnotebook.reuters.com/)
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