Tough times for the real masters of the universe

Rules tie the hands of bank strategic investing units as fintech opportunities grow

On the up: innovation is now driven by a fast-expanding galaxy of fintech firms

Investment bankers used to be known as masters of the universe, but while they span from deal to deal, and client to client, other hands were shaping the cosmos. Secretive strategic investing teams sank the banks' money into companies such as AcadiaSoft, Markit, SwapClear and Tradeweb, enabling them to influence the speed and direction of change in the markets where they made a fat slice of their revenues.

No longer. Innovation is now driven by a fast-expanding galaxy of fintech firms, and

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: