 |
| BANKING & MARKETS |
| Houlihan Lokey; Moelis & Co Sorting through the wreckage |
| Rothschild Old model brings new opportunities |
| RBC Capital Markets Cautious global expansion pays off |
| Evercore Partners Boutique moves beyond advisory |
| Evolution Securities Trading firm aims to stay above the bubble |
| NuVerse Advisors Bridging the gap between investment and advice |
| Fox-Pitt Kelton Cochran Caronia Waller Independent views lead to advisory opportunities |
| Return to main index |
THE FASHION FOR agency brokerages shows no signs of fading. To a large extent, the conditions that contributed to the frantic formation of these providers of secondary market liquidity remain in place. Limits on bankers’ compensation are a given, while the capital banks are willing or able to deploy to bond trading desks is still restricted. What began as a trickle at the end of 2008 became a torrent within a matter of months. Is there a boutique bubble forming? Probably, but of the many firms that have formed – and there are a good many still ramping up – it is fair to say that Evolution Securities has gained a head start.