Frank J. Barkocy, one of Wall Street's most senior banking industry analysts, has departed Advest Inc.

Mr. Barkocy said he left his position as a senior vice president and managing director after John Shaughnessy, director of research, told him the firm wanted to "shift some of our research assets away from regional banks and deploy this resource among our other research focus areas."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.