Country results: still room for niche players
The European broking industry has been riding a bull market for most of this year and many brokerages have expanded. Meanwhile demand has outstripped supply in the market for sector analysts, with equities specialists switching jobs at an unprecedented rate.
“The last 12 months have seen an extra-ordinary turnover in analysts. I have never seen anything like it,” says Charles Lambert, head of research for Europe, the Middle East and Africa at Merrill Lynch in London.
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