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But it also dismantled the barriers between the separate, narrowly focused firms in the City, the stockbrokers, advisers and "jobbers" who created the markets in shares.
FactSet, for instance, points out that while profits for companies that generate most of their sales abroad are expected to fall 9.9percentt in the second quarter, domestically focused firms are bracing for a more modest 2.8percentt decline.
There was also uncertainty over how his campaign trail rhetoric would translate into clampdowns for some sectors, such as technology companies and other internationally focused firms, and into deregulation for others, including energy and banking.
Such "crony capitalist" firms in neighbouring countries may struggle as globalisation advances and stronger, more focused firms encroach on their turf.So far the signs in Vietnam are good: instead of handing monopolies to cronies, the government is encouraging free competition.
Sullivan & Cromwell is one of seven firms in American Lawyer's list whose profits per partner top $3m (see chart 2).Another bunch likely to do well are tightly focused firms that concentrate on only a few fields.
The exceptions have been a few large, focused firms, such as Dow and Alcoa, that investors see as likely consolidators.The customer knows bestCommodity companies are also under pressure from their customers.
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As a focused firm, XPV has to be more careful about its picks than venture capital firms with large, diversified portfolios.
And he recently left a nationally affiliated brokerage to work for a smaller, more locally focused firm, which agreed to let him keep 65percentt of his earnings.
He has tried to transform the domestically focused firm into an international oil giant.Three things make people take Mr Fu seriously.
Far from running the sort of sharply focused firm that tends to please shareholders these days, Mr Taylor's bank looks suspiciously like a doddery old conglomerate.Barclays is in fine company.
It also marks year three of Andela's rise as a VC backed, revenue focused firm that is often misread as a charity.
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