The new breed

What are the defining traits that good investment bankers share? Energy, creativity, entrepreneurship, willingness and ability to take risk, the strength of intelligence to form independent views of the world and the courage to back them: all traits that tend to be driven out of people when they become institutionalized within large organizations under cynical leaders. Everyone toiling at the coalface in a large bank should take lessons from the stories that follow of those who have quit to set up on their own. There's never been a better time to do it.

Boutiques revive a reviled industry

Consensus-shy Violy starts afresh

Schadenfreude greeted the demise earlier this year of Violy Byorum & Partners. Founder Violy McCausland’s uncompromising style had irked those inside and outside the firm. Now she’s trying again, this time on her own.

The new advisers reinventing investment banks

Start-up corporate finance and risk management advisers have a simple message: Trust us, we’re independent. Risk Capital Management Partners boss David Shimko says he tells his clients exactly how the big banks profit from their own advice.

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