Ex-Dowgate execs launch Nomad

A new firm set up by four former Dowgate Capital executives is today set to gain FSA approval as a nominated adviser (Nomad) for companies listed on London’s Aim market. Cairn Financial Advisers, founded by ex-Dowgate chairman Tony Rawlinson and former colleagues James Caithie, Liam Murray and Simon Sacerdoti, will also provide advice to quoted and unquoted companies in the small cap sector. Dowgate was acquired by broker Astaire Securities last year.