Morale in the equity division won’t have been high at JPMorgan’s London offices following the news of Geoffrey Boisi’s departure. Its recovery won’t have been helped by the departure in quick succession of three of the bank’s top-ranked research analysts.
Banks analyst Stuart Graham is joining Merrill Lynch, Huw van Steenis in speciality finance is going to Morgan Stanley and telecoms head Ian Johnston had already left the firm to pursue other interests.
“When three of your best-ranked analysts have gone in such a short time, that looks careless,” says a JPMorgan source.
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