'If you don't have a good working relationship or if your cultures don't match, it's going to be a pretty painful ride'

Month in Numbers28.5- the 2012 predicted total IT spending for wealth managers in North America, Europe and Asia-Pacific, according to a recent Datamonitor report: Building a Technology Platform for the Ultimate Offering3%- the proportion of European trading volume currently being traded on multi-lateral trading facilities (MTFs), according to research by the Aite Group. The firm predicts that the volume could rise to 20% by 2011$160m- the total severance package awarded to ex-Merrill Lynch