Front-Office Influence Wanes in Modern Buy-Side Firms

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The event was held at the Jumeirah Cartlon Tower in Knightsbridge, London.

"The guys in the front office used to be quite powerful, and it used to be a case of whatever the trader says goes, because that's the guy who makes the money," says Peter van Kleef, managing director at Lakeview Capital Market Services, who moderated the panel. These days it doesn't work like that so much anymore, risk and compliance is a big issue."

Other panelists echoed the view, saying that a drive to increase efficiencies had led to restructuring across the operational landscape in their f

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