Now's the time to stock up on big name analysts as regulators prepare make the buy-side pay for equity research. UBS has just brought in a top Apple analyst in a senior role.
Timothy Arcuri, who was latterly a managing director at broker-dealer Cowan & Company, has just joined the Swiss bank to lead its U.S. semiconductors and semiconductor equipment equity research offering in San Francisco.
Arcuri spent five years at Cowen, having joined from Citigroup in 2012, where he spent eight years as a managing director in equity research in San Francisco. Before this, he spent four years at Deutsche Bank as a director.
He’s best known for leading a team of analysts covering Apple stocks at Cowen, and has issued numerous notes outlining potential technological advances with new iterations of iPhones.
More large investment banks have been hiring senior analysts in advance of MiFID II implementation in January, which will require banks to break out there research costs from other trading charges. Top-ranked analysts, who can provide in-depth research that fund managers are willing to pay for as well as all-important market colour through (expensive) one-to-one calls, are increasingly in demand.
Arcuri is another high-profile tech analyst covering Apple to move on in recent months. In August, Simona Jankowski, a managing director and senior equity research analyst for the hardware and communications technology sector at Goldman Sachs, left the bank for tech hardware firm NVIDIA, where she’s vice president of investor relations.
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