So i've seen recent articles or news saying that global/senior MDs head of tech/retail/oil & gas at BB X/Y/Z leaving to boutique A/B/C with team of 4 others etc. etc. several times past 12 months. and these arent like random MDs, talking about global group heads, vice chairmans of BBs (ex barclays) and teams of people leaving
(example here- http://www.marketwatch.com/story/guggenheim-partne... --> Guggenheim expanding retail arm)
My questions are:
1) whats the motivation to leave (ex- like in article above)? pay? more power? less regulation?
2) how much/many clients will they be able to take with them if they go from a BB to a boutique/smaller growing full service bank? will not much change (if not balance sheet related services like underwriting debt)?
3) how easy is it for these BBs to replace these group heads with quality guys internally? (ex- Barclays lost retail M&A head and global retail head/vice chairman and BAML lost global head of retail as well)
4) if big swinging dicks like these are willing to leave BBs, is that a sign that advisory is in the future of elite boutiques/specialized advisory firms? (i can see S&T, underwriting or other balance sheet related services being the bread and butter of BBs, but will advisory slowly go to boutiques?) or is just for reasons like pay, autonomy etc.
note- i apologize if these answers are obvious to some, but im not FT until this summer so i dont know office politics/senior transfers first hand yet.