Mass defection fears at RBS' Hoare Govett
HOARE Govett, the highly-regarded City stockbroking business acquired by Royal Bank of Scotland following its takeover of ABN Amro, could face a mass defection after one of its key analysts quit the company.
RBS confirmed yesterday Richard Rae, the head of Hoare Govett's small and mid-cap research unit had left, amid concerns over the largely state-owned firm's future direction.
Reports yesterday claimed that Rae could take his team of 20 staff members with him.
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Sunday 19 February 2012
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