BANKING GOING BACK TO THE FUTURE – With the current state of the market due to MiFiD & Brexit, it seems as if Banking is going back in time, possibly to a simpler time where each firm offered a core franchise and core focus, whereby delivering a higher level of service and knowledge to their clients. With the Global Banks continuing to focus on the bigger picture, whilst reducing headcount, overheads and senior staff, the smaller or boutique banks continue to develop or strip back to their core business areas. With the market shaping itself ahead of a year of changes, we have seen the likes of Mirabaud strip back their franchise and announce they intend to focus on Spanish & Swiss Equities. Additionally, we have seen Kepler-Cheuvreux developing their business with partnerships with CIMB (Asia), Piper Jaffray (US) and most recently Swedbank (Nordic). There are also rumours in the market that Oddo are planning either a merger or buy-out of MainFirst, which will enhance their Small-Mid Cap franchise. It is very possible that going back to the future is the best bet for banks moving forward, as well as for their clients. #SpartanInternational