Liberum Capital shakes up its management

LIBERUM Capital, the investment banking group set up by former Collins Stewart chief executive Shane Le Prevost, has reshuffled its management team after a period of strong growth despite the downturn.

Liberum said yesterday it had appointed Simon Stilwell as its new chief executive. Stilwell has run the firm’s small cap sales team since it began trading in September 2007.

Stilwell formerly worked as head of small company sales at Collins Stewart, where he worked with Le Prevost, who now becomes executive chairman at Liberum.

Liberum now employs around 120 people and is fully owned by its staff. Last year, it made a profit of £15m before bonuses were paid, on revenues of £34m.

Stilwell said yesterday that the firm would now concentrate on further organic expansion of its pan-European equities and corporate finance business rather than targeting any acquisitions.