James Dilworth has more than 35 years of experience in banking, insurance and asset
management. He has worked in senior management positions with leading firms such as Goldman Sachs, Morgan Stanley and Allianz in New York, London and Frankfurt. Mr Dilworth now advises banks and insurance companies on asset management and is in private equity as both a financial and operating investor.
Thirty years ago, on Monday, October 19, 1987, the US Stock market collapsed. Plunging more than 500 points, the Dow Jones Industrial Average finished the day down 23%, its greatest single day decline ever. Black Monday – as the day was quickly dubbed by financial journalists — was a significant and sobering event.