The birth of a new institution is an exciting event that carries hope and expectation. In our case, Oasis Capital Bank (OCB) was born almost as the global financial crisis erupted near the end of 08 and we are now beginning to operate with the back drop of severe damage to the global economic and financial environment and with still a considerable amount of dark clouds in the sky.
A significant development for OCB is that the global financial crisis has temporarily flattened the financial markets as institutions with track records and expertise were left with huge damage to their reputation as well as balance sheet. In effect a new comer will have the comparative advantage of not having a legacy that needs defending or an explanation. This flattening out effect will be temporary, but will still present an opportunity for start up institutions.
OCB is thus aiming to position itself as a trusted advisor and partner in both the advisory asset management as well as in the opportunities in investment banking by taking advantage in the dislocations in the markets. Success cannot be assumed as expected regulatory changes to the markets will themselves pose their challenges to financial institutions. We are poised on a journey of discovery, but we remain confident that with focus on our core values, we believe that we can meet the challenges and establish a successful and a differentiating business model in our region.
