UK - Sanlam Financial Services,the financial advisory and investment management group, has acquired Hichens, Harrison & Co, one of the oldest independent stockbrokers operating in the City of London.
The firm, established in 1803, provides a range of traditional stockbroking services and is a member of the London Stock Exchange.
To coincide with the purchase of Hichens, Harrison & Co plc, Sanlam Financial Services is launching a new division, based in London’s West End, called Hichens Investment Management. The division will provide discretionary investment management services for private clients, charities and smaller pension funds.
Dennis Bailey, MD of Hichens, Harrison & Co, said of the acquisition: We are pleased to have completed the deal with Sanlam Financial Services and to benefit from the additional financial backing that this brings to us.”
By Luke Clancy
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