Investment banks’ strategies

We asked: Are you aware of any changes
to the corporate strategy being followed
by investment banks where you have a
relationship since 2008 that negatively
impact the service offered? For example,
changes in fee structures, reduction of
services offered, and a lower volume of
research. Fully 51 percent of respondents
said they were not aware, 30 percent said
they did not know, and only 19 percent
were aware of such changes.

Of the minority of respondents who
noted changes, half of fund managers
said that fees for basic services had
risen, half said that investment banks
had reduced the amount of research
they produced, and half said that
service offerings had been reduced.