1
‘What the hell is this?’
Bryn shook the memo furiously at his boss, a Dutchman, Pieter van Ween, head of the bank in Europe. Van Ween – blue eyes, fine silver hair swept back over a clear complexion – spoke calmly.
‘I’m sorry you found out this way. I tried to phone. I couldn’t reach you, so I thought it better to drop you a line –’
‘I don’t care how I found out! I do care about Rudy Saddler coming to piss on my patch.’ Bryn’s voice came across as unnecessarily gruff – the voice of a man two hours after getting off an overnight flight, forty minutes after finding his wife had left, three minutes after finding out his job was dissolving. He rubbed his chin, which was rough and unshaven.
‘No one’s going to be pissing anywhere.’ Van Ween was puritan enough to dislike foul language, banker enough to tolerate it. ‘The pharmaceutical industry is a big area. Plenty of transactions. What was it? Sixty billion dollars’ worth we did –’
‘I did –’
‘The bank did last year. Saddler’s going to co-operate, not steal your show. He’s already told me how much he welcomes your local knowledge. I know he respects your work.’
‘Respect, bullshit. I’ve built the best pharma team in Europe and he gets to put his name on the door. Are you trying to send me a message?’
Van Ween understood this game. He played it often. He played it well.
‘There’s no message. I didn’t ask for Saddler. He wanted to come. I have guys I wanted to send to New York. It was all part of the deal.’
‘You traded me.’
‘This is a bank, Bryn. I did what was best for the bank.’
‘I don’t know about that. I do know that I work my arse off and my reward is to be demoted –’
‘There’s no demotion –’
‘– demoted to second in command of the team I built. You may say there’s no message, but I’ve got to tell you, Pieter, I’m hearing one.’
‘Are you saying you will not accept the position which is being offered?’
The question shifted things into van Ween’s favour. Bryn could act the martyr, but unless he had something lined up elsewhere, he couldn’t afford to reject anything. Van Ween wanted to make him say it. Bryn sighed. He was devastated by his wife’s disappearance, shocked by the news about his job. ‘I’m not here to give you any ultimatums,’ he said wearily. ‘I just wanted to let you know I was unhappy.’
‘I understand. It had occurred to me you might not be altogether happy. There is something else I had in mind. It’s a critical area. Something we’re keen to expand. Begin to make some real money. And from your point of view, I think it’s a good career move. It’s the kind of position that gets noticed in New York.’
Bryn opened his hands to invite more information. He didn’t want to sound excited. In truth, he wasn’t excited. Pieter van Ween would have pitched the position the same way whether it was running the trading floor or counting paperclips. The Dutchman paused to register the fact that Bryn was making a request, then continued.
‘It’s emerging markets: Russia, former Soviet Union, all of Eastern Europe, Asia as far as India, Africa. You’d have the biggest territory of anyone in the bank and everything except trading would report to you. You’d report directly to me. I’d give you time to get to know the area, then we’ll sit down and talk. If you think the business flow will justify increased resources, you can have them.’
‘Do we have lending authority?’
‘We can lend money in Poland, the Czech Republic, Turkey. Maybe South Africa, I’d have to check.’
‘Not Russia? Not India?’ Van Ween stayed silent. He wouldn’t participate in Bryn’s effort to belittle the job. ‘How much did we make last year?’
‘In emerging markets? About fifteen, twenty million bucks. But focus on the future.’
‘That’s less than I made on the Claussen deal alone.’
‘The job’s about possibilities, Bryn. You’re giving reasons why we need to beef up our effort, why we need you.’
Bryn thought about it. Half the world under his command, but the wrong bloody half. If the bank wouldn’t risk its money – for fear of coups, collapse, or craziness – then there wasn’t much Bryn could do to earn it. There was always consultancy work, but in these Godforsaken markets the businesses were too small, too cheapskate to stump up real cash. He was being offered an empire, but it was an empire of sand, a dirt track into the desert.
Van Ween noticed the hesitation. It was a lousy deal, he understood that. But he needed to accommodate Saddler’s arrival and he needed somebody to do the emerging markets job. Hughes was a good guy, headstrong and cocky for sure, but most decent bankers were. Van Ween decided to offer some more inducement.
‘If it’s the travel that’s worrying you, then I understand that. It’s demanding. We’ve got some big energy projects in Kazakhstan right now. A privatisation in South Africa. We’ll need you to be there on the ground, of course, but I don’t want you to compromise your family life. Take time off when you need to. I know I can trust you to strike an appropriate balance.’
‘Jesus, the travel. I hadn’t even thought …’
Bryn trailed off. Nothing on earth could afford less pleasure than business travel to the places van Ween had outlined. He’d heard nightmare stories – true stories – about bankers stranded on an airfield someplace in Russia, minus fifteen outside and falling, the plane’s pilot pointing to an empty fuel gauge, telling the Westerners to buy fuel or stay grounded. Mobile phone two thousand kilometres from the nearest signal. Company Amex card a stupid joke. Dollops of cash, pushed across a table in a green-painted hut; men shouting in an alien language, arguing over maps and cash and vodka; and all the time the temperature outside falling.
‘I hadn’t even thought about the travel.’
‘As I say, I know you’ll want to talk it through with your wife …’
Those words – ‘your wife’ – almost sent an unaccustomed spurt of tears through Bryn’s rusted-up tear ducts. His wife. He’d had his problems with Cecily, no question, but she was his wife – or, rather, had been. He felt desolate and betrayed. ‘There’s nothing else?’
‘We’d like you to work with Rudy Saddler as his number two, if you could see your way to sorting things out with him. But either way … it’s your call. Let me know when you’ve talked to your wife. Cecily, isn’t it?’
‘Yes. Cecily.’ Bryn was stuck in his seat for a moment, cloddish and uncertain. He was a skilled negotiator, but van Ween was no pushover and van Ween held all the aces. Bryn could give up half his empire and more than half his glory to a newcomer he didn’t get on with, or travel the world’s least glamorous corners slogging his guts out for a penny here, a nickel there. ‘Thanks, Pieter. I’ll think about it. Get back to you.’
There was a third option which neither of them mentioned but both were aware of. Bryn could call a headhunter. Clear out. See what he could get somewhere else. It didn’t feel great, but it was an option.
‘OK.’ It was a dismissal, but friendly. ‘And believe me, Bryn. You have a good career here. Think long-term. Don’t make the mistake of moving on because of – because of a hiccup.’
‘Yeah. OK.’ He stood up to go.
Van Ween watched him carefully, appraising his man, knowing that Bryn’s ‘yeah, OK’ was as good as meaningless.
‘And Bryn,