What we do
Founded in 2007 as a wholly staff-owned business, since inception we have aimed to provide insight, honesty and a highly personalised approach to all our clients.
Companies receive unrivalled advisory work from our trusted and experienced banking team. Institutional investors hunting for ideas receive direct access to our seasoned sales team and research analysts, along with introductions to companies, innovators and thought leaders. Traders wanting high or low-touch execution from multiple venues, with proper performance benchmarking, deal with us daily.
Our latest transaction successes
Thought of the week – How do practitioners use ESG data?
To me, it is always interesting to see what investment practitioners think about ESG and how they use it in practice. No wonder then that I like a new survey by Franck Bancel and his colleagues involving 303 mostly French portfolio managers, financial analysts, ESG specialists, and company valuation experts.
Thought of the Week - The first really awesome biodiversity resource
Last year, I asked my readers to let me know if they had any good data on the relevance of biodiversity risk for investments. While I received lots of input from my readers, the input was usually company-specific and didn’t allow for a systematic analysis of biodiversity risks across companies. Furthermore, nobody could point me in the direction of any studies that showed biodiversity risk priced into markets. I said back then we were currently at the beginning of the journey. Now, it seems, we have taken a major step forward.
Thought of the week – Second best is first to lose
Fund managers are constantly trying to gather assets for their funds. One good way to do that is to win prizes and be named “Fund of the Year” or “Fund Manager of the Year”. But, especially with retail investors, this can backfire.
Thought of the Week - Corporate tax increases in a globalised world
Assume you live in the UK and the government has decided to increase corporate tax rates to 25% as of April 2023. Surely, higher corporate taxes mean that businesses will think about investing less in the UK and directing more of their investments to other countries with lower tax rates. After all, that is what economic theory says and what most of us learned at university. By now, you probably know me well enough to know that if it was that simple, I wouldn’t be writing about this topic here…
Thought of the week – Greenwashing with green bonds
A couple of months ago, I read an analysis of around 1,000 green bonds issued by governments and corporations. It made me very angry. Unlike sustainability-linked loans and bonds, which are general purpose bonds, the Green Bond Principles require that the proceeds from issuing such bonds are ringfenced and used for eligible green projects. Yet, it seems that the lawyers have done a great job in negating the very essence of the Green Bond Principles and turned them into another exercise of greenwashing.
Management Board
Bidhi Bhoma
Chief Executive Officer
Bidhi joined Liberum in December 2017 as a Managing Director in the Investment Banking team.
David Parsons
Executive Chairman and Head of Equities
David joined Liberum in 2008 as Head of Equity Sales and was appointed Executive Chairman in December 2020.
Shane Le Prevost
Founder & Executive Director
Shane Le Prevost is Liberum’s founder and is an Executive Director of the Company, he was Chairman and Chief Executive until December 2020.
Andrew Duquemin
Non-Executive Director
Andrew is a Board Director of Liberum and Liberum Wealth and is also Executive Chairman of Elysium Fund Management.
Christopher Howlett
Chief Operating Officer
Christopher is Chief Operating Officer and a member of the Executive Management Team.
Rebecca Gordon
General Counsel
Rebecca is General Counsel at Liberum and is also a member of the Risk & Regulatory Committee.
Dru Danford
Head of Investment Banking
Dru is Head of the Investment Banking team at Liberum, having joined in November 2022.
Richard Crawley
Chairman, Investment Banking
Richard joined Liberum in 2013. He has over 30 years of experience, gained at Charterhouse, Credit Suisse, Oriel Securities and most recently, at Espirito Santo.
Oliver Baxendale
Head of UK Sales
Oliver joined Liberum in April 2016 as a member of the UK Small and Mid-Cap Sales Team. He was then appointed as Head of UK Sales in March 2021.
Joe Brent
Head of Research
Joe joined Liberum in 2009. He was previously Managing Director and Head of UK Small and Mid Cap research at Citigroup.
Graham Smith
Head of Execution
Graham joined Liberum in 2016. Prior to Liberum, Graham has worked for Dillion Reed, Salomon Brothers, Citigroup, Unicredit and Trafalgar Capital.
Clayton Bush
Managing Director, Investment Banking: Consumer, Leisure
Clayton joined Liberum in 2008 from Canaccord, having previously worked for Credit Lyonnais, Dresdner Kleinwort Wasserstein and PWC.
