Liberum to appoint new Executive Chairman and CEO
Founder Shane Le Prevost to step down as Liberum continues to evolve its All-Cap proposition
Today we announce that the founder of Liberum, Shane Le Prevost will be stepping down from his roles as Executive Chairman and CEO, as the business continues to build for the long-term. David Parsons will be appointed as Executive Chairman while retaining his role as Head of Equities and Bidhi Bhoma, currently Managing Director, Investment Banking, will become CEO and join the Board, subject to regulatory approval. Shane Le Prevost will remain a full time Director of the Company.
Commenting, Shane Le Prevost said: “It has been a privilege to help shape the business from a standing start thirteen years ago. With significant opportunities ahead, now is the right time to take a step back from the day to day management of the business and hand over to a new leadership team who will be better placed to oversee our ongoing strategic growth ambitions. David and Bidhi are hugely experienced and talented individuals and I could not leave the business in more capable hands.”
David Parsons said: “In the twelve years that I have worked alongside Shane, we have shared the same client focused vision for the business. Shane has successfully pursued that vision – to provide corporate and institutional clients with a Pan-European All-Cap service within an independent, employee-owned structure. Whilst his leadership will be greatly missed, his full-time involvement in the business will provide guidance and stability in the next phase of Liberum’s growth. I am looking forward to working closely with Bidhi and excited about building on the success that has been achieved to date. On behalf of everyone at Liberum, I would like to thank Shane for his extraordinary contribution to that success.”
Bidhi Bhoma said: “It is an honour to be asked to take on the role of CEO of Liberum. The business is in an excellent position today and has a great future, and I am looking forward to working with David, Shane and the broader Liberum team. We have exceptionally high quality, dedicated individuals and a distinct culture of innovation and client service. These attributes have pushed the business forward since inception, and I am confident that our differentiated research platform, market leading distribution and expert corporate broking and advisory capability will take us to the next level.”
Founded in 2007, Liberum currently advises over 100 listed companies. It has raised over £23 billion for clients and is currently working on its 50th IPO. Despite the challenging environment, it has executed 18 successful transactions in the first half of 2020, raising over £650 million in the year to date and posting half-year results for the 6 months ended 30 June 2020, ahead of the same period in 2019.
David Parsons joined Liberum in September 2008 as Head of Equity Sales. He was previously Managing Director and Head of Equity Sales in London at Citigroup. David started his City career in 1990 as a graduate trainee at HSBC James Capel.
Bidhi Bhoma started his career as a capital markets lawyer at Dentons in 1999 before moving into investment banking. Bidhi spent several years as a senior member within Shore Capital’s Corporate Broking and Advisory team before joining Liberum’s Investment Banking team in 2017. As a Managing Director within Investment Banking, he is responsible for the Support Services, Industrials and Healthcare sector teams.
Ed Berry / Laura Ewart
+44 (0)7703330199 / +44 (0)7711387085