Earlier this year, BCG was commissioned to conduct research into how fund managers perceived the value and benefits of bank-employed research analysts. The firm interviewed many of the major users and providers of investment research around the world and got what could be the fullest picture of the analyst industry ever achieved.
Perhaps most interesting is the fact that that banks themselves are seriously considering the validity of the current industry model. According to Giles Brennand, who runs the firm's financial services practice for Greater China, the banks wanted to know if the current model was sustainable and if not what possible other ways there could be to run their research teams.
What came out...
