Peel Hunt announces Senior Management succession plans

We are pleased to announce the next steps in its evolution of Peel Hunt with the appointment of Steven Fine, Managing Partner and Head of Equities at Peel Hunt since 2006, as Chief Executive, with effect from 1 July 2016.

Steven will succeed Simon Hayes, Chief Executive of the company since 2006, who will step up to the role of Chairman of Peel Hunt, with effect from the same date, replacing Darren Carter, who will remain on the Board*.

In 2010, Simon and Steven led the buyout of Peel Hunt from previous owner KBC Group, the major European bank, in a deal worth £74m. Under their leadership, Peel Hunt has since achieved significant growth, increasing its corporate client roster from 37 clients in 2010 with an average market cap of less than £100m to 108 clients today (averaging over £300m; Top 20: £900m). During the same period Peel Hunt has grown staff numbers from 140 to 180, and is today ranked 1st in the industry for its UK Mid & Small Cap Research (Thomson Reuters Extel Survey 2015).

Peel Hunt has been profitable in every year since its inception in 1989 and is on track to generate record revenues in its financial year ending 31st March 2016.

* All management changes are subject to regulatory approval.