Archive Banks and Financial Services Archive NW Brown benefits from stockbroker’s withdrawal | NW Brown benefits from stockbroker’s withdrawal |
| Written by Business Weekly | |
| Thursday, 14 September 2006 | |
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Financial services company, the NW Brown Group is set to benefit from private client stockbroking firm, Gerrard’s decision to shut its Cambridge office, by recruiting three key members of its staff.
Financial services company, the NW Brown Group is set to benefit from private client stockbroking firm, Gerrard’s decision to shut its Cambridge office, by recruiting three key members of its staff. The trio includes Louise Hudson, former head of Gerrard’s Cambridge office who becomes a director of NW Brown. In a move that also sees its Oxford office closing, Gerrard says it feels that clients in both locations can be served better from offices where there are more resources and infrastructure support – chiefly London and Birmingham. The Cambridge office was established in 1989 as Greig Middleton. NW Brown’s deputy chairman, Marcus Johnson said: “There is a trend among the larger financial services companies to offer collective products and standard terms from centralised London offices. “We strongly believe there is a future for investment management in Cambridge and the number of new clients we attract suggests to me we are right.” With the withdrawal of Barclays-owned Gerrard, there are now three private client stockbrokers in Cambridge: Coutts, which is owned by RBS; Rathbones, which is a quoted independent; and NW Brown. Charles Stanley also operates from NW Brown’s premises.
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