The following perspective on the 2016 investment research recruiting outlook is from Oliver Rolfe, who heads Spartan Partnership, a London-based executive search firm specializing in equities recruiting.

I have been skeptical about how much investment research will change in the wake of MiFID II, and now that the latest rules that have been leaked indicate that the impact will be much less than originally expected.

Before writing this piece the topic was going to be focused on the new regulations and what it could mean in Europe – but we can all see that change is coming and in some banks in Europe, the change has already come, even if you did not realise it.