Cazenove
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Cazenove is a British stockbroker, founded in 1823, with a long, illustrious history. Till recently it was one of the UK's last independent investment banks. In November 2004, JPMorgan Chase announced that it would buy a 50% in the stockbroker with a call option to buy the remaining 50% stake over the next 5 years.
The bank had a turnover of £251.4m ($452m) in 2003/04 and is comprised of three entities:
- Cazenove Private Equity
- JPMorgan Cazenove, a joint venture, established in 2004, combining Cazenove's investment banking operations with JP Morgan's UK investment banking business
- Cazenove Capital Management, which handles £7.6bn in assets
It is rumoured that among the bank's most famous clients are the Queen and David Beckham.
External links
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