Cenkos picks new chief executive

Broker Cenkos Securities has chosen a replacement for outgoing chief executive Simon Melling, promoting Jim Durkin who joined the firm as head of corporate broking in March 2005. Durkin was made an executive director of the company in October 2006 but gave up this position in November 2009 to concentrate on his corporate broking role within the company. Melling is leaving to pursue other interests.