The equity broker owned by Rothschild has cut around 10% of its employees, just months after the independent investment bank bolstered its research function by merging two of its recent acquisitions.

Redburn Atlantic has laid off some 20 London staff in recent days across its equity research, sales and underwriting units, according to people familiar with the matter. The 10% figure is based on a disclosed headcount of 211 at Redburn in 2022, the latest available number.