FTSE review spurs mid-cap broking shake-up

Credit Suisse, Hoare Govett and UBS have boosted their mid-cap broking client rosters, while Citigroup and JP Morgan Cazenove have lost out, following the FTSE Group's quarterly review of its indices and other broking changes.

Credit Suisse has gained a FTSE 250 client after BlueBay Asset Management, the UK specialist credit asset manager that floated just four months ago, was elevated to the mid-cap index to replace financial administration company PayPoint.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire