Louis Diamond Quoted
By Brooke Southall
Like a belled Swiss cow in a china shop, UBS exited the Broker Protocol. But the leave-taking didn’t soften the heady impact of the act or provide the answer to a big question:
What will Wells Fargo do?
“It’s a huge deal,” says Louis Diamond, recruiter for Diamond Consultants in New York.
He sees the timing of the exit tied to UBS as the biggest signer of retention deals in 2008-’09 — retention deals which are now expiring — and to some of the vulnerability UBS has shown of late to smaller dynamos like First Republic and Raymond James.
