
ABN Amro cuts seven analysts in research overhaul

Seven investment-grade analysts, including head of credit research Roger Appleyard, have lost their jobs in the merger of ABN Amro's credit and equity research teams.
The bank believes single-name investment-grade research has become so commoditised that clients can now get this information from third parties such as rating agencies, says a source close to the bank. "The thinking is, don't give them something they don't need."
The bank will continue to cover emerging markets and high yield.
The
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