Redmayne-Bentley moves for Fyshe Horton Finney assets

STOCKBROKER Redmayne-Bentley has completed a deal to buy £300m of Fyshe Horton Finney’s assets from its admininstrator.

The acquisition follows FHF’s decision to go into voluntary administration.

FHF previously provided discretionary, advisory and execution only services through 15 locations nationwide.

The transaction will increase Leeds-based Redmayne-Bentley’s number of private-client stockbroking clients by approximately 10%.

Keith Loudon, senior partner at Redmayne-Bentley, said: “This transaction allows us to offer continuity of stockbroking and investment management services to former FHF clients who we hope will establish a long term relationship with our firm.

“We look forward to welcoming these clients to Redmayne-Bentley and providing them with the financial services they deserve and that we have received so many awards for over recent years.”

The Leeds office of law firm Squire Sanders advised Redmayne-Bentley on the acquisition.

The Squire Sanders team was led by restructuring and insolvency partner Laura Crawford and supported by financial services partner Paul Anderson.

FHF entered voluntary administration following a period which saw the company lose its chief executive abd other senior management.