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.