(Reuters) – A former Institutional Shareholder Services Inc (ISS) marketing manager who was not directly involved in making the influential advisory firm’s voting recommendations is now working as a consultant advising clients on how ISS is likely to opine.

Anna Bryan, who worked at ISS until last year, advised Loop Capital Markets last month that activist hedge fund Starboard Value LP would likely win a proxy contest at retailer Dollar Tree Inc, where it sought to replace a majority of directors.

Loop Capital, a Chicago brokerage, wrote in a client note that, following a discussion with Bryan, it reiterated its Dollar Tree “buy” rating and raised its price target to $115 per share. The note, which was disseminated to Loop Capital clients, was seen by