Jarvis Securities plc
("Jarvis" or "the Company")
Contract wins
Further to yesterday's announcement, the Company is pleased to
confirm that it has signed agreements to provide various settlement
and financial administration services to a number of additional
firms.
These contracts include Alexander David Securities Limited. Alexander
David is a newly established independent broker. The Chairman
is Michael Hicks (former Director and Head of Sales Trading of
Societe Generale Stockbrokers) and the management team includes David
Scott (former director of corporate broking at ING Barings, a
director of Resolution Partners Limited and Sky Capital (UK) Limited
and more recently a Director of Corporate Finance at Lewis Charles),
Trevor Coote (former Head Broker at Sky Capital UK and previously
trainer and stock picker for Hoodless Brennan, before joining Lewis
Charles as Head of Retail Broking) and Alon Bull (former Deputy Head
of Market Making at Evolution Securities). Alexander David is
dedicated to providing the market insight and investment advice that
institutional, corporate and private clients can trust.
The Company has also made a small investment in Alexander David and
Jarvis has been appointed to the board of Alexander David as a
non-executive director.
Jarvis will issue details on the further contract wins in due course.
Commenting, Andrew Grant, Chairman of Jarvis said,
"We are delighted to welcome Alexander David as a commercial client
of Jarvis. We have been attracting a great deal of interest in the
outsourced settlement market and will shortly have fourteen such
clients using this service. Our current pipeline of enquiries for the
Company's settlement and administration services is at an
unprecedented level. We are currently negotiating on 13 further
contracts and it is hoped that a significant proportion of these will
convert to clients."
For further information:
Jarvis Securities plc
Mathew
Edmett
Tel: 0870 224 1111
Daniel Stewart & Company plc
Stewart Dick
Tel: 0207 776 6550
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