Evolution Securities Ltd. (’ESL’), one of the UK’s leading independent investment banks, is to expand its Fixed Income business following the appointment (announced today) of Guy Cornelius, formerly a Managing Director of Lehman Brothers International (’LBI’), as Head of Fixed Income. Further appointments are expected to follow in the near future.
Announcing the move, ESL’s Chief Executive, Andrew Umbers, said - ’We believe that the current economic environment presents a significant opportunity to create a strong new Fixed Income business. Many of the traditional market players are having to reduce their commitment to the FI market due to their own financial constraints. We do not suffer from those constraints, and Guy is the ideal person to help us implement this key strategic development.’
Prior to joining LBI, where most recently he was responsible for many of the Firm’s largest clients, especially Asset Managers, Insurance Companies, Pension Funds and Hedge Funds, Mr Cornelius spent 11 years at UBS, latterly as head of Fixed Income Sales for Europe and the Middle East and served on the European Management Committee and acted as a Trustee of the UBS (UK) Pension Scheme. He has also held senior roles in credit sales at BZW and SG Warburg.
’I am delighted to be joining ESL at such an exciting time in its development,’ he said. ’Evolution is very much a client-led business and I believe that represents a real competitive advantage in today’s difficult markets.’