Insinger De Beaufort Makes UK Acquisition

Stephen Harris

24 October 2005

Insinger de Beaufort, the Anglo-Dutch private investment bank and wealth manager, has acquired Monument Securities, a London-based broking firm. The terms of the acquisition, which is subject to regulatory approvals, were undisclosed. Monument Securities, which was founded in 1991 and employs 28 staff, specializes in equities, bonds and derivatives markets for institutions and hedge funds. The strategy is to combine the institutional broking businesses of Insinger de Beaufort and Monument Securities. Martin Burton, the current chief executive and founder of Monument Securities, will be responsible for leading the development of the enlarged institutional business.