INDUSTRY NEWS

Goodbody Stockbrokers plan London office space

Goodbody Stockbrokers, Ireland’s oldest stockbroking company, is planning to open a London office space later this year to aid the firm’s expanding business.

Goodbody has been increasingly working with international clients and non-Irish stocks – the new office has been planned with these developments in mind.

The stockbroking firm currently employs 200 members of staff in Dublin, and has worked with clients such as international airlines group (IAG) on their takeover of Aer Lingus. Goodbody also advised energy company, Centrica, in its approach to takeover Bord Gáis energy.

A spokesperson at Goodbody Stockbrokers said that their move to London is simply a natural step to progress in capital markets by being closer to certain companies that its clients regularly work with.

They added, “We have greatly increased our research coverage of UK and non-Irish stocks: out of 63 in our coverage universe, 23 are non-Irish.”

The Irish company’s rival, Davy, has been working in London for several years, whilst other Dublin based companies such as Investec and Canor Fitzgerald are actually owned by partners in the UK and USA.

Davy has recently disclosed that they have acquired Davy Private Clients UK, the Northern Ireland based financial advice and investment company, currently based in Belfast.

By: Kirsty MacGregor

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