Consolidation - global brokers: Too big for their boots?
The creation of the global broker in the 1980s resulted in a dominant few. David Trezies asks whether this consolidation has produced any tangible benefits for clients.
It has been 30 years since the industry witnessed the advent of the global broker. In 1980, Marsh & McLennan acquired CT Bowring, triggering an onslaught by US brokers and equity houses to acquire
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