Euromoney 40th anniversary special: Focus on Evolution Securities
Trading firm aims to stay above the bubble.
BANKING & MARKETS
|Houlihan Lokey; Moelis & Co
Sorting through the wreckage
Old model brings new opportunities
|RBC Capital Markets
Cautious global expansion pays off
Boutique moves beyond advisory
Trading firm aims to stay above the bubble
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.