|
Alan Johnson
Manufacturers� Monthly
Monday, September 12, 2009
�
NEW boutique investment advisory firms are increasingly turning to outsourcing firms to help them find quality analysts, industry figures said yesterday.
The financial crisis has seen an exodus of well-connected executives leaving larger investment banks for smaller rivals but many are reluctant to join minnows at a reduced salary, while smaller firms often only need analysis on a short-term basis.
Val�rie Blin, managing director of M&A; boutique Avista Partners, said: outsourcing �helps you guarantee that the seasoned professional working with you is �fit for purpose� for that specific project�.
Marc Gomer, founder of outsourced analysis specialists Craton Partners, said the practice made it easier to set up a boutique firm, �allowing principals to focus on relationships and high-level advice, rather than the cycle of recruitment, training and retention of analysts�.
|
