Cenkos scores five hires to bolster growth

Institutional stockbroker Cenkos has scored five new hires as it looks to grow its corporate finance, sales and research teams.

Former head of corporate finance at WH Ireland, Adrian Hadden, will join Cenkos as director in the corporate finance team, and is set to add private fundraisings to his focus. In addition to roles at other City firms, Hadden was also previously a director at Collins Stewart Hawkpoint.

Also joining from WH Ireland is former managing director Jasper Berry, who joins Cenkos’ growth companies sales team as a director. Berry has “a wealth of experience”, Cenkos says, on account of previous experience at Collins Stewart, Société Générale Investment Management and NatWest Stockbrokers.

Cenkos has made more than 20 hires over the past 18 months in an effort to build out its presence in both the growth and investment company sectors. The firm raised more than £1.2bn for clients last year and kicked off 2022 with three IPOs, four placings and two M&A transactions in the first three months.

The growth comes under new boss Julian Morse, who took over from Jim Durkin after a volatile period. Under Morse’s early leadership, the firm saw expansion and a rebound in the company’s fortunes, with revenues surging by 37% to £18.2m for the first half of 2021, while profits were up by 40% to £2.8m, Financial News previously reported.

READ ‘Even the apprentice gets equity’: City broker Cenkos eyes growth under new CEO Morse

The new hires also include chartered accountant Charlie Combe, who joins the growth team. Combe was previously global sales director at Edison and prior to that, a corporate financier at Smith & Williamson.

Cenkos is also boosting its research capability with the appointment of Andrew Gibb to focus on business and financial services. Gibb has some 20 years’ experience covering various sectors at a number of firms including Investec, RBC, Singer, and Arden Partners.

Edward Stacey also joins the firm’s property and industrials unit, having spent more than two decades analysing companies for firms including HSBC, SocGen and Proactive Investors.

“The recruitment of experienced operators in the growth companies market, with their wealth of knowledge, expertise and relationships, will help us continue to build Cenkos’ franchise and market share. We see lots of opportunity in the UK equities market and are in an excellent position to make the most of them,” Morse said.

To contact the author of this story with feedback or news, email Penny Sukhraj

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