Pros
Large institution going through restructuring. Good opportunities. If you can talk the talk and are technically incompetent, you will have a long and successful career esp if you have an american accent. Poor decision making is rewarded if you are well connected. An institution with tremendous untapped potential.
Kontras
Strategy is domed to fail. Already undergoing the second restructuring as the first one failed. Colleagues are being let go instead of the senior people which is very hurtful. RWA reduction is being pursued aggressively which should have been done 5 yrs back. They should be expanding into India and USA instead of focusing all their energies into China. No doubt a third restructuring will be announced in 2 years as top line growth will remain challenging. The only constant will be the senior management. Pray the institutional investors and activists do the right thing. Share price reflects all this.