Collins Stewart Europe Limited

  • Overview
THE SCOOP

The rest is history

LSE-listed Collins Stewart (CS) organizes its operations around four business divisions: capital markets, wealth management, securities and corporate advisory.  The firm's corporate advisory capability incorporates London-based Hawkpoint which it acquired in 2007.  The securities division includes Quest, a database and modeling system which serves the other divisions by offering a method for analyzing corporate value creation and valuation.  Quest covers 2,600 companies in 27 countries across the United Kingdom, the United States, Europe and Asia Pacific.  Collins Stewart serves more than 400 institutional clients across North America, Asia Pacific and Europe, with sales teams in London, Paris, Dublin, Geneva and New York distributing its research product.  Its London operation boasts a full-service investment trust-and-funds team, as well as convertible and preference-trading desks.

As one of the leading stockbrokers for small and midcap equity fundraising in London, in 2008, Collins Stewart's capital markets division added two new products in the London market: the Accelerated IPO (AIPO) and the Special Purpose Acquisition Corporation (SPAC).  In 2005, this division worked on award-winning transactions for Foseco and Media Square, which collected recognition as Shares Magazine’s “IPO of the Year†and at the AIM Awards, recognition for Best Use of AIM prizes respectively.

The firm's wealth-management division manages more than £4 billion and provides stockbroking and investment-management services to private clients, trusts, charities, pension funds and private companies.  Collins Stewart's advisory business, incorporating Hawkpoint, advises governmental bodies, private equity houses and financial institutions in the areas of M&A, capital markets and debt restructuring.

Collins Stewart was founded in 1991 as a partnership with Singer & Friedlander Securities.  Starting out as a private client business by acquiring Greig Middleton's Channel Islands and Isle of Man business in 1996 along with the New York business, it became incorporated in 1999.  In October 2000, Collins Stewart listed on the London Stock Exchange, and a year later, in 2001, it bolstered its private client offering with the acquisition of NatWest Stockbrokers' private client business.  As the inter-dealer broking sector expanded throughout the early 21st century, CS acquired Tullett Liberty in March 2003 and Prebon in October 2004 to form Collins Stewart Tullett.  It is currently named Tullett Prebon and is the world's second largest inter-dealer broker.  At the end of 2006, Collins Stewart demerged from Collins Stewart Tullett and was listed on the main list of the London Stock Exchange as Collins Stewart plc.  Growing through acquisition, it picked up independent corporate advisory business Hawkpoint Partners in January 2007, followed by New York investment bank CE Unterberg Towbin in July.

Capitalizing on Catalist

In the opening months of 2008, Collins Stewart opened an office in Singapore to get a foot in the door of Asia's new rival to London's alternative investment market, Catalist.  Catalist's predecessor, the less-catchy Sesdaq, was revamped to provide more flexible trading and a faster registration process to bring additional small and quickly growing companies onto its books.  As for many financial institutions, the scent of Asian high-growth economies was proving difficult to resist, and Collins Stewart was no exception, becoming the first U.K. sponsor for Catalist.  Added to the potential for growth is the opportunity for a bespoke service that a global-trading presence would provide: “We want to be completely agnostic when we advise a client about where they should list - in North America, Asia, the United Kingdom or Europe, based on what will be the best for them,†said chief executive Joel Plasco in The Financial Times.  “No matter where a company is based, if it has a high exposure to the Asian markets and visibility to Asian investors it might well want to seek a listing in Singapore or a dual listing in London/Singapore,†he added.

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Collins Stewart Europe Limited


88 Wood Street
8th Floor
London EC2V 7QR
Phone: +44 (0)20 7523 8000
www.collinsstewart.com

STATS


  • Employer Type: Public
  • Stock Symbol: CLST
  • Stock Exchange: LSE
  • Chief Executive: Joel Plasco
  • 2008 Employees: 700

Key Financials

  • 2008 Income: $-23 million
  • 2008 Revenue: $176 million

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SALARY FINDER

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Health Service Administrator

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