Global banking group HSBC has reshuffled the research offered by its research arm.The bank has stopped publishing its investment ratings and price targets. Client demand has meant the bank will increasingly offer long-term research. “Our clients are asking for longer-term research focused on transformational trends and ideas, on both a macro and sector level, and that is what we will deliver," said Stephen King, global head of research, economics and strategy.
The bank will now focus on three areas: macro strategy, involving economic, asset allocation and strategy research; global sector/industry research; and global emerging markets research.
“We conducted a strategic review of our research and clients told us they wanted less maintenance and me-too research, and more original thinking and analysis,” said Robert Vaudry, global head of research, sectors and companies.
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