By Tony Shale
The honeymoon is over for London's newlywed financial institutions. Now is the time for the more mundane domestic arrangements and the technical difficulties of co-habitation are proving the hardest to solve. When the merchant banks, brokers and jobbers married in haste, many did not take stock of the technology possessed by their partners or of the requirements of the future. And now they are finding that there is no leisure in which to repent.
Cultural disparity and disharmony between the merged institutions are exacerbating the search for the technological ideal"A long engagement of over four years between Hoare Govett and Security Pacific has considerably eased our problems," explained Guy Kingsbury, director of management services at stockbrokers Hoare Govett, "but partners in the shotgun weddings will be suffering a lot more". The shift in status from employer to employee is proving hard for many of the partners of...
