Is David Scholey Destined for Higher Office?

The article focuses on David Scholey, the joint chairman of S.G. Warburg and Co. Ltd. He is considered for the post of the governor of the Bank of England. Scholey may claim he doesn't know why he is tipped to be the next governor of the Bank of England. But former Warburg directors have no doubt that it is his overriding aim. And he has all the right contacts. Of the history and experience the merchant banks made, S.G. Warburg and Co. has been in existence for only 35 years, but it has already developed enough aura and prestige to rank it with the best in London, England. But Scholey makes no exaggerated claims for it. Scholey does prefer to look in broader terms in trying to identify trends in Warburg's business since he became joint chairman. He highlighted that the breadth of his corporate finance-based relationships and his overseas government advisory business has broadened. He is aware that changes will have to come in the composition of merchant banking business, but as always was too reticent to be definite on those changes.