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City veteran Delmar-Morgan makes a comeback at Allenby

JEREMY Delmar-Morgan, the former chairman of Teather and Greenwood and Hichens Harrison, is making an official comeback at stockbroker Allenby Capital, City A.M. can reveal.

Delmar-Morgan has accepted a non-executive chairmanship at Allenby, which was founded by chief executive Imran Amhad a year ago when he led a management buy-out of HB Corporate, then part of brokerage Hoodless Brennan.

Delmar-Morgan spent 25 years of his career at Teathers, which was sold to Landsbanki for £40m in 2005. He then joined Hichens Harrison as chairman before the firm was bought by Religare for £65m two years later.

Allenby has scored a second coup in the form of Adam Wilson – also a founder of Teathers and ex-CEO of Hichens Harrison – who took a 9.99 per cent stake in the group when Delmar-Morgan was appointed to the board.

Amhad said that having the pair on board would prove “priceless” for the business.