Collins Stewart plc · London United Kingdom ·(London: CLST)
Company Description
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This link will open in a new window Stock brokerage firm Collins Stewart is stepping out on its own again. A result of the 2006 demerger of Collins Stewart Tullett, which created two separate publicly traded companies. Collins Stewart focuses on four main areas: advisory, corporate broking, securities, and wealth management. Its research tool, Quest, is a proprietary online database and valuation model containing about 3,000 European, US, and Asian companies. Tullett Prebon (the other half of the demerger) is an interdealer brokerage business. Following the demerger, Collins Stewart completed its acquisition of corporate finance advisory firm Hawkpoint. To read the full description, subscribe now.
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Key Collins Stewart plc Financials
| Company Type | Public - London: CLST Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $254.3 |
| Employees | 693 |
Collins Stewart plc Executives
21 executives listed for Collins Stewart plc's London, location.
| Title | Name & Bio | Contact |
| Chairman | Terry Smith | Network |
| Deputy Chairman | Keith Hamill | Network |
| CEO and Board Member | Mark Brown | Network |
Competition
Competitive Landscape for Collins Stewart plc
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Collins Stewart plc Competitors
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