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Danelle Dann Photographed by HelmutNewton |
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"The INTERLANGUE GROUP, Inc. and "DANELLE DANN
INTERNATIONAL INC.",
heretofore and hereafter referred to as 'Interlangue' , founded in 1980
and 1991 respectively by DANELLE DANN,
present our clients with one of the few executive search firms
privately held.
Since 'Interlangue's' genesis, the firm has steadily focused
on senior assignments on behalf of the foreign banks in New
York. Areas of specialty have been General Management,
Corporate Finance, Treasury, Logistics, VaR, Risk
Management, Asset & Liability Management et al.
Recently, given the condition
of the financial markets globally, we have focused on, and
successfully concluded searches outside the U.S.,
in countries such as Germany, Switzerland, and the
U.K. These assignments have been exclusively in the area of
Treasury, and, apart from a substantive
educational background, have required a high degree of
specificity for their respective fields.
Most recently, we
have been able to broaden 'Interlangue's' corporate profile by
working on assignments whose purpose is theoretical. While
we continue to march alongside our long-standing clients, we
are delighted to add this new dimension to our efforts.
After 30 years in this marketplace, the current environment
continues to represent a 'sui generis' crisis for us as a firm given,
among other unprecedented difficulties, the syndrome
of downward mobility, reduced compensation, et al. The
period starting in 2008 has seen our firm struggle with
issues entirely new to us. We had hoped that in
2011 we would witness a somewhat ameliorated environment,
which seemed to materialise , judging by one index, the Dow
Jones, which had reached the mid 12,500 point range.
Regrettably as the new year begins, Q1 prognosis remains
contentious and unstable, with somewhat limited potential
thus far.
The Dow Jones gyrations, 400 point 'in caliber'
shattered whatever hope we had for a less volatile
marketplace, although the Dow's return to the all-critical
12,000 point, followed by 12,700 on Friday, February
3rd, is encouraging. We continue to watch with
greatest interest the Germany/China negotiations.
Not withstanding any of the above, the European
sovereign debt crisis has been brought into
sharp focus by the launching of a EU inquiry into
Derivatives: in this case, specifically the modus
operandi of Credit Default Swaps. Months later, the
only visible result is the increase in the the cost of
insuring them
The potential implication of their being a contributing
factor to the current sovereign debt crisis, traded by some
of the best known names in European banking, serves to
add the Credit Default Swaps to the existing list of
exotic trading instruments with egregious consequences to
the financial markets. Such factors, a degree of
international tension only serve to further
affect a firm such as ours.
While based in
New York (with a presence in Geneva), our
current activity has expanded from pure Treasury
trading assignments to the theoretical side, perhaps a
clarion-like symbol of recovery?!
We are delighted furthermore that, given the perhaps
somewhat unusual, strictly private ownership of this
firm, a few European universities have added our name to
their Internship Syllabus.
As a result a few graduate students working towards their
respective PhD theses have elected to spend their
internship months with us in Geneva.
Irrespective of current market conditions, we are always
pleased and grateful to hear from our clients and friends
about
previous times or places shared over more than thirty years. Given the priviledged and
confidential nature of our communications,
we do not participate in social media.
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The INTERLANGUE Group, Inc.
90 Park Avenue
New York, N.Y. 10016
(212) 687-5050
November 2011, Geneva
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