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Brexit weighs heavier than Mifid II on analysts’ job moves 

April 4, 2018

Money Marketing, Valentina Romeo

"Fund groups are taking on more analysts from investment banks on the back of European regulatory change as large brokers increase their focus on Brexit, recruiters say.

Under Mifid II, asset managers are required to separate the cost of broker research from portfolio transaction costs and, in most cases, are bearing the costs internally.

The new rules have resulted in a number of investment banks making cuts and have led to analyst redundancies as fund firms become more selective in the external research they use."

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