Niche bond broker fills gaps as globals exit

Building a solid franchise and cementing a reliable reputation are the foundations for his firm’s growth, explains Michel Löwy

Niche bond broker fills gaps as globals exit
Michel Lowy

Senior management at Barclays and Royal Bank of Scotland finally lost patience with their investment bank businesses. Last month, bosses at the two UK lenders announced job cuts and a slimming of their operations, provoked by a series of rate-rigging scandals and fines, too many loss-making departments and pressure to pay high bonuses even to underperforming staff.

It would seem an unpromising environment for a small investment boutique to embark on a growth strategy. Yet,...

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