Have investment banks tolled the death knell for the independent IR agency?
Investment banks stand or fall on the relationships they have with their corporate clients. With the current dearth of M&A and new issuance, investment banks are seeking ways to stay in touch with clients throughout the financial calendar and be seen to provide support. Their IR service teams, long present in the likes of UBS Warburg in London, are now found in all major regional financial centers.In different banks the IR support team sits in different departments. Citibank's is attached
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