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That beats out other ETFs that track banking, materials, clean energy and even Brazil.
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Mr Hofmann, a veteran of Wall Street, was the only senior manager at Dresdner, and one of very few in Germany, with a substantial track record in investment banking.
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Apart from anything else, it is hard to find anyone who would knock Jain's track record through the global banking crisis and beyond.
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At the same time, however, the Administration is using capital controls against Panama and, at the Summit, strongly supported the creation of a "financial task force" to track drug money through the banking system and staunch the laundering of drug profits.
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To have the agency under the leadership of someone with Mr. Curry's track record could significantly affect future banking and consumer regulations, he said.
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In the Philippines, banking sector reforms are broadly on track.
CNN: REFORM IS CRUCIAL
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Sharp is banking onIGZO, a proprietary technology with an unproven track record to revive its fortunes after it soon reports what is expected to be the largest annual loss in its 100-year history.
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In high school he was student body president, homecoming king and track star, then went to Stanford with no real ambitions beyond a career in investment banking.
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"It would not be appropriate for Lloyds to think about investment banking when they have a very large U.K. domestic operation to get back on track and make profitable, " he said, adding that if investors wanted to put their money in a British lender with investment banking exposure, they could just invest in Barclays.
FORBES: Banks