Unlike the
bulge bracket firms for whom high-touch trading is a substantial part of the business, agency brokers have smaller budgets and tend to rely on their technology and low-touch trading services to win clients.
Altman aggressively recruits managing directors from the Wall Street
bulge bracket firms, each with a $10 million revenue target and has won many trophy mandates in TMT deals.
The best example of unbundled purchasing and the importance of expertise is the advisory business, where
bulge bracket firms or "pure" investment banks have dominated.
Industry-focused investment banking firms are clearly gaining significant market share from more generalist
bulge bracket firms.
Riley #1 among regional firms for the past consecutive four years, besting the
bulge bracket firms in terms of performance of our buy recommendations.
QSG compared Cheevers & Company's execution quality to the performance of other, typically larger and more recognizable agency brokers, buy-side institutions, and
bulge bracket firms to create the sample.
While Margery has served in a senior capacity at various
bulge bracket firms, she was most recently a managing director at a successful M&A boutique and brings an entrepreneurial skill set that is a tremendous fit for JMP.
The business has added additional senior professionals from
bulge bracket firms as well as boutiques in recent months in a continuing effort to build its intellectual capital in equity research, sales and trading.
Hurst is a 26-year veteran banker with extensive experience at
bulge bracket firms such as Merrill Lynch, Salomon Smith Barney and JPMorgan, where he spent a combined 17 years.
Those figures outperformed the
bulge bracket firms.
The municipal finance market continues to undergo an enormous transition period as many of the
bulge bracket firms that traditionally served as senior managers have left the market or are no longer in business.
Concept Capital has made growing its institutional sales and trading business a top priority in 2009 as we see tremendous opportunity to grow our business and fill the institutional service gap created by the collapse of a number of the
bulge bracket firms," said Robert E.
