Finally, there is Tira Wannamethee, who covers general industries and FIG and is heritage Morgan. You mentioned that Rosemary Chiu will be covering China. I think China is already huge and is going to become particularly huge on the tech side. All the stuff you see coming out of Taiwan now will come out of China too within the next couple of years, whether it be a local manufacturer or joint venture under the likes of Philips or Samsung. Indeed, it's already starting to happen and we think we have a chance to get in early.
China is definitely a country where it takes time for results to feed through.
It also requires investment and a very strong commitment. But we've decided we will do anything it takes to show that commitment. In many ways, it s a matter of making sure you have all the boxes ticked. And by this I mean that it's important, for example, to fly senior people out from New York and London, to have a global presence, to cover all the industries in depth and so on. I think we're in a very strong position.