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Breakingviews – Revisiting JPMorgan’s innovative Cazenove deal
Breakingviews - Revisiting JPMorgan’s innovative Cazenove deal,Near the end of his newly published memoir Robert Pickering, the former chief executive of Cazenove, considers whether the venerable British stockbroker was right to surrender its independence to JPMorgan . Perhaps unsurprisingly, he concludes that the firm’s managers made the correct decision. For the U.S. bank, however, the case for the deal is less compelling than it once seemed.

Breakingviews – Revisiting JPMorgan’s innovative Cazenove deal

Near the end of his newly published memoir Robert Pickering, the former chief executive of Cazenove, considers whether the venerable British stockbroker was right to surrender its independence to JPMorgan . Perhaps unsurprisingly, he concludes that the firm’s managers made the correct decision. For the U.S. bank, however, the case for the deal is less compelling than it once seemed.