HB Markets Ltd renamed Beaufort Securities Ltd

HB Markets Ltd renamed Beaufort Securities Ltd

Press Release: 30/04/13

 

Beaufort Securities Ltd – Technology and tradition for global financial markets

The takeover of HB Markets Ltd by Beaufort International Associates Ltd was completed on 28th March 2013, following Beaufort’s relocation in late 2012 to HB Markets’ City offices at Finsbury Pavement in Moorgate. The firm, headed by CEO Tanvier Malik is to be renamed Beaufort Securities Ltd from 1st May 2013, a moderate rebrand that welds together a wealth of experience in Stockbroking, Wealth Management and Capital Markets across the enlarged Beaufort group.

Tanvier expects economies of scale allied to an exceptionally broad reach across retail broking services, wealth management and capital markets to create a significant competitive advantage over their peers. He explains:

“Beaufort will now operate as a single entity, bringing together the online sharedealing services of SimplyStockbroking, a trading name of Beaufort Asset Clearing Services and HB Markets, with both dealing and capital markets teams also under the same brand.”

Tanvier believes speaking to the markets through what he calls a “single voice” will be the next step for the group to create a global investment house, which will deliver a vast and diverse range of opportunities. It is clear the combined management, chaired by John Brennan, are equally enthused by the possibilities. Tanvier adds:

“HB Markets and Beaufort have been established for over 20 years, and through that time have both grown an extensive list of global clients, establishing strong bonds in the process within the retail and SME markets.”

“To continue to meet the needs of our clients, the new combined management team recognise the importance of adapting to fast changing markets and meeting challenges thrown up by the post credit crunch financial landscape.”

With a penchant for careful cost control, while ambitious for Beaufort’s success Tanvier and his team are keeping a tight lid on spending. He is one of many who believe the days of stockbroker excesses have been consigned to history, but equally that opportunities are there for ambitious employees to contribute to the growth of the firm and participate in its success. Equally the board are not averse to expansion through acquisition, should suitable opportunities arise to enhance the Beaufort offering.

Beaufort appears better positioned than many to take advantage of the opportunities and challenges that will doubtless be thrown up by the financial markets and a recovering global economy.

– ENDS –

For further information see website: www.beaufortsecurities.com or call:

Tanvier Malik – Chief Executive
020 7382 8340
[email protected]

Julie Chandler – PA
020 7382 8444
[email protected]

Editors Notes:

Beaufort Securities Ltd has been created by the takeover of HB Markets Ltd, a stockbroker, by Beaufort International Associates Ltd, a merchant bank, both with expertise in providing services to small and medium sized domestic and International companies and retail clients.

The businesses have been in existence since 1993 and 1998 respectively, offering high quality personal financial advice and service to private and corporate clients and institutional investors. Beaufort Securities Ltd is a 100% owned subsidiary of Beaufort International Associates Ltd, which is independently owned.

Beaufort Asset Clearing Services (BACS) is a 100% owned subsidiary of Beaufort International Associates Ltd. BACS is a company which provides Online Sharedealing and Clearing Services to Financial Conduct Authority regulated companies. It is authorised and regulated by the Financial Conduct Authority (Register No. 485165). The brands Simplystockbroking and HB Markets Online have been merged together as Beaufort Sharedealing which is operated by BACS.

Beaufort Securities Ltd is authorised and regulated by the Financial Conduct Authority (Register No. 155104) and is a member of the London Stock Exchange, ISDX, GXG Markets and APCIMS.

Beaufort International Associates Ltd is authorised and regulated by the Financial Conduct Authority (Register No. 194083).

30th April 2013

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