Investment Banking

FinnCap CEO: Brokers will have ‘no choice’ but to merge

'My focus was to create a strong, profitable group,' the new boss of FinnCap says, as he predicts more mergers across the sector

A deal drought is forcing the City's brokers to look to scale and diversify
A deal drought is forcing the City's brokers to look to scale and diversify Photo: Richard Baker/Getty Images

Consolidation among City brokers will pick up unless the listings drought starts to reverse, according to the chief executive of FinnCap.

John Farrugia, who took over from founder Sam Smith as FinnCap's CEO in September, said that brokers would have "no choice" but to join forces if the current slump continues.

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