Niche market

摘要

Felix Rohatyn, a former ambassador to France and a celebrated corporate adviser who helped New York City avert bankruptcy in the 1970s, made his name— and fortune—on a keen sense of judgment. So the announcement on August 22nd that he is winding down his small advisory firm to join Lehman Brothers, a large Wall Street investment bank, could be viewed as a rather bleak assessment of the future of boutique banking.