Browsing: Europe

Overcapacity Leads to Cuts at Nomura’s Equity Research Group

03/25/2013
New York, NY – A few weeks ago, Japanese investment bank, Nomura cut a large number of staff in the firm’s London equity research operation.  Management cited overcapacity and a ...

UK Broker Folds Into Cantor Fitzgerald

02/13/2013
Venerable UK stockbroker Seymour Pierce signed a “pre-pack” agreement with Cantor Fitzgerald last week, under which it went briefly into insolvency before transferring assets to Cantor.  Cantor recently added equity ...

Decline in Investment Banking Research Spending

01/15/2013
Neil Scarth of Frost Consulting, a UK-based consulting firm specializing in global commission unbundling,  forwarded some interesting estimates on sell side research spending.  Frost Consulting projects that global investment bank ...

Decision Resources Group Acquires UK-Based Abacus International

12/10/2012
New York, NY – Last week, Burlington, Massachusetts-based research and advisory firm for the healthcare industry, Decision Resources Group (DRG), announced that it was acquiring UK-based Abacus International, a provider ...

The Times They are A’Changin

12/04/2012
A new study jointly authored by Greenwich Associates and Frost Consulting predicts that asset managers’ procurement of research will change radically in coming years.  Asset owners will scrutinize non-execution commission ...

MSCI to Acquire IPD Group

10/31/2012
MSCI Inc. announced it is acquiring IPD Group Ltd., a London-based real-estate research provider for $125 million.  The transaction confirms the low multiples being fetched by research properties. IPD Group (originally ...

UK Challenges Management Access

10/30/2012
The UK Financial Services Authority (FSA) conducted a review of conflict management practices at asset managers and challenged commission payments for management access earlier this month.  Sources indicate that the ...

Global Shipping Advisor Launches Equity Research Business

10/01/2012
New York, NY – A few weeks ago, London-based shipping consultant, Drewry, launched a new equity research division called Drewry Maritime Equity Research.  Drewry’s new equity research business will leverage ...

Macro and Policy Research Sees Growth

09/24/2012
New York, NY – Last week, London-based macro-economic research provider Lombard Street Research reported double digit growth in revenues for the year ended March 31st.  This gain is consistent with ...

Breaking Up the Banks

09/18/2012
Nomura’s billion dollar retrenchment from investment banking was notable in its magnitude, but not shocking given Nomura’s past risk-on/risk-off behavior.  Will other financial institutions radically restructure their investment banks?  Not ...
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