Around a fifth of analysts from Bank of America Merrill Lynch's (BofAML) London office have left to join asset management houses as MiFID II rules hit research consumption.
At least 24 analysts from its 130-strong UK research team have left the US bank, including seven senior analysts, pushing the average turnover from 15% to closer to 20%, according to the FT. The departures...
European Commission relents to pressure
Latest news and analysis
Remains open to existing investors
Chairs first meeting this afternoon
Effective from 1 December