trending Market Intelligence /marketintelligence/en/news-insights/trending/4DDKRvsg38K0kJ6v6lXUNA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Avondale Partners to cut jobs, grow advisory services

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Banking Essentials Newsletter: May Edition, Part-2


Avondale Partners to cut jobs, grow advisory services

Avondale Partners LLC will eliminate its cash equities business and cut about two dozen jobs while growing its wealth management and investment banking divisions.

The growth in the Southeast and Nashville and the city's central role in the healthcare industry have bolstered Avondale Partners' wealth management and advisory businesses, the company said in a release. Its cash equities business — which includes equity research, sales and trading — has been hurt by the growth of passive asset management, industry regulations and the change in the structure of equity markets, CEO Robert Shepherd said in a statement.

The company will cut 20 to 25 as part of the restructuring, while eventually adding at least six jobs to expand wealth management, Shepherd told the Nashville Business Journal.