America is a wonderful place, if you are winning. At the peak of its education system are 8 colleges that are collectively known as The Ivy League. If you can get into one of these schools your future is all but assured. The problem is you cant! That, in the end, is why we left the USA as unless you are prepared to build a library or a sport hall or similar or you your self have attended the school the chances of getting your children in are around zero. Yes scholarships exist and there are postgraduate opportunities but really just forget it.
Now one thing I had learned in my early career was that sportsmen from decent universities, tend to do well in ‘client situations’. So it was that somehow I got the resumes (american for CV) of two Dartmouth College boys. Jenkins Marshall was a very self confident very handsome man. At ease in almost any situation he was a delightful man to interview. He was an ‘All American’ lacrosse player. Lacrosse is a big sport in the USA and qualification for the ‘All American team’ represented the cream of the sport in any one position. Harry Bourke was around 6 feet 6 tall and about 18 stones of muscle. He looked a bit like ‘Bluto’ in the ‘Popeye’ cartoons. He had a square jaw and not much of a neck. In truth he was not an easy interview but also an ‘All American’ he played ‘Noseguard’ in The Dartmouth College Football team. He was a bit intimidating but I later discovered that many of the US institutions we served also hired Ivy League Sportsmen and where ever Harry went he knew someone he had either played with or against. Two good blokes in the round.
One day One of our US trading team Andre Bakhos , (a man who had the most amazing wedding that has ever been-see later), announced that in the near future the New York Boxing Championships would be taking place and entries were being accepted. Two and two were added up to five and despite his vehement protests Harry Bourke was entered into the ‘Heavyweight’ division. He was soon in training and we all looked forward to fight night. Somehow I became his ‘corner man’, perhaps I pulled rank but there we are. As it turned out the whole affair was somewhat low key with the main intention being for the various Wall Street firms to support the event in order to raise money for a Boxing Club in a deprived area. There were in fact only two entries in The Heavyweight division.
UBS being what it was Harry entered the ring wearing a magnificent white silk dressing gown carrying the UBS logo. I held the rope for him and looked out on the crowd who were were well oiled and keen to see a good fight. The truth is Harry was something of a gentle giant and the man he opposed was of a similar disposition. The two of them circled the ring bobbing weaving and ducking but not punching. The referee stopped the ‘fight’ to encourage more action but the first round, of three, passed without a blow being landed. My corner job was almost laughable as I promised all sorts of retribution if my man did not lay a blow on his opponent. Harry, red faced, stared me in the eye in defiance. The second round barely better than the first. A few soft shots and the crowd now restless. Somehow in the third round Harry Connected with a powder puff shot to the body followed by a weak left jab. It was enough. The New York Heavy Weight Champion was from UBS. Harry ,”Champ” Bourke from that day on.
Jenkins Marshall liked women and they liked him. He was in great physical shape and he had a winning smile. There were many women working on trading desks in the US financial institutions who were our clients and Jenkins role was to keep in touch with these people and handle their orders to buy or sell shares in the market. His clients were almost exclusively female and he seemed to be networked around from one to another.
He had a girlfriend who was simply stunning to look at and I am sure very intelligent too but I never got the chance to know her well.
Like many organisations today all telephone conversions were recorded in our office. There were strict rules as to how these calls could be played back, the basic rule being in time of ‘dispute’. Jenkins had received an order to but x number of shares and he had fulfilled the order. The client on receiving written confirmation of the same queried the price reported on the telephone. The error was material as we were talking hundreds of thousands of shares. The ‘tapes’ need to be played and as far as I am aware this was the first time the International Securities division, which I headed up, had needed to do so.
In a special hermetically sealed room the might of UBS technology was on show. Rows of computers and various other devices. The Head of IT, The Head of Human Resources, The President of the bank in New York, Alfred (oh my god!) Baumgartner, Jenkins Marshal and me, all standing in line around a glass box with a recording machine in front of us. All were present as part of a set of legal and procedural issues in such a matter.
The tech guru established which telephone lines Jenkins used. The exact time of the trade was already known by a ‘time stamp’ so a window of five minutes of air time was lined up to ‘play back’.
‘Brring brring’. Jenkins voice- “hi Honey Bunch’ A woman’s voice “hi big boy”. Alfred Baumgartner’s face twitched violently and I tried not to laugh. The intensely personal phone call was in fact between Jenkins and his girlfriend and the exact nature of the call became somewhat embarrassing as ones intention to the other, later in the day, was described in full detail. Baumgartner looked at me as if it was my fault, the woman from Human resources hopped from one leg to another. Jenkins looked silly and I was beside myself trying not to laugh. Relief as another call came in, this time from the client and we were able to hear what was what regarding the trade.
Baumgartner sent for me and issued all sorts of stupid comments re me ‘allowing my people to make personal calls in the companies time’. My contempt for all things Swiss notched up on that day. Jenkins was somewhat abashed and apologised. He had been proved right in terms of the business side of the call and clearly he had a good evening to look forward to.








