Tom Glocer sees multi-speed optimism for multi-speed world

Glocer told Reuters Insider television at the World Economic Forum in Davos that in "Brazil, the Gulf, Asia the optimism is off the charts but it feels a little bit different at the periphery in Europe. On balance, given a balanced business like ours, yes it's very positive for 2011".

Glocer said banks were rebalancing their activity. Fixed income desks had a rough time in the second half of last year but people were now positioning themselves for the long-term environment.

Speaking about the company’s business generally, Glocer said: "In our world, Latin America is very strong for us, not only in the financial services world but in legal and in tax and accounting as well, so we're excited about it."

Asked about other growth areas, Glocer said; "The Gulf has been strong right through, India and China are strong for us and also at the edges of Asia. Pretty much everywhere, even Japan has had a pretty good run for us in the last couple of years." ■