Jefferies reviews

Company with poor values (despite those communicated in internal memos which read well). Focus is quarterly to yearly at most. There is little sense of mission beyond that. The European business was built through a collective of city professionals wanting one last role. No common goal. No ambition to build something meaningful. Most want out but are locked in.

Asia equity sales management was purely self serving and did not bother to understand either the customer base or changes facing the company and industry. Many great opportunities are continuing to appear, but this management team was purposely very short sighted, to maintain the status quo internally, and continued to fight (badly) yesterday's wars