In this episode of Enquire, Andrew Foster, Chairman of Corporate Broking at Morgan Stanley, explains how the UK’s corporate broking model has evolved and what that means for investor relations teams and boards today. From the decline of sales-led distribution and research influence to the growing strategic burden on IR, Andrew offers a candid assessment of what brokers can and cannot deliver. The conversation explores investor targeting, hedge fund engagement, activism, bid defence and how companies should evaluate advisors in a changing market landscape. A must-listen for IR professionals navigating valuation pressure, register quality and long-term shareholder alignment.