David Parsons and Bidhi Bhoma take up their new executive roles at Liberum
David Parsons and Bidhi Bhoma take up their respective roles as Executive Chairman and CEO today, following the receipt of regulatory approval.
As previously announced David Parsons and Bidhi Bhoma will replace the outgoing Executive Chairman and CEO Shane Le Prevost, who is stepping down thirteen years after founding the business. He will remain a full time Director of the Company. David Parsons retains his role as Head of Equities.
The management changes further add to the momentum that Liberum has built during 2020, delivering on its Pan-European All-Cap growth strategy despite the challenging market environment. Liberum has raised over £1.3bn for clients via 30 transactions during 2020. The company also recently completed a landmark 50th IPO since its inception in 2007, having raised over £24 billion for clients in total. Liberum currently advises 108 listed companies, having won 16 new clients so far this year.
Liberum continues to build on its foundations for growth, in recent months attracting thirteen senior hires across its research, distribution, broking and advisory teams whilst remaining focused on its unique culture of innovation, client service and employee ownership.
David Parsons, Executive Chairman, said: “I am incredibly proud of what we have achieved as a business in the twelve years’ that I have worked at Liberum and our success this year despite a challenging backdrop is testament to the ongoing commitment, hard work and expertise of our staff. Our track record and growth ambitions combined with our unique culture continues to attract hugely talented people to the business and I am looking forward to working alongside Bidhi to build on these achievements, and to continue delivering innovative solutions and a high-quality service for our growing client base.”
Bidhi Bhoma, CEO, said: “It’s a huge honour to be taking on the role of Chief Executive and I look forward to working with David and the huge breadth of talent across the business to further evolve our Pan-European All-Cap proposition. This past year has been one of extreme market upheaval, but I am proud that our people have risen to the challenge in successfully supporting our clients in raising £1.3bn, all the while welcoming new talent into the business. We enter 2021 with a strong pipeline of business and also well equipped to meet the broadening needs of our client base and confident in our ability to deliver the next chapter of Liberum’s journey.”
Ed Berry / Laura Ewart
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