JP Morgan loss to boutique rival

DEXION, a boutique investment bank focused on hedge funds, has scored a coup by snagging a highly regarded analyst from behemoth JP Morgan Cazenove.

Senior analyst Tom Skinner has left the bulge bracket bank to head up research at Dexion, expanding its coverage to include some close-ended funds and infrastructure.

Dexion managing director Ana Haurie says the bank is able to recruit because it did not “hire and fire” like some rivals: “We grew organically and... stuck to our knitting,” she told City A.M.