hedge fund is selling its European institutional equity brokerage business to MainFirst Bank , as the German - based firm continues to expand its portfolio in the wake of MiFID restructuring . As part of the restructuring , 35 Raymond James employees , based in Paris and London , will transfer to MainFirst .
Raymond James is selling its European institutional equity brokerage business to MainFirst Bank, as the German-based broker seeks to scale its business in the wake of MiFID II. As part of the deal, 35 Raymond James employees, based in Paris and London, will transfer to MainFirst.