Shard Capital, a leading wealth and asset manager, has announced the expansion of its Equity Capital Markets (ECM) Service with the launch of a new division named Tennyson Securities.

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Tennyson Securities will join the Shard Capital stable of companies, based in a new office in the West End of London. The division will have nine employees, led by Pav Sanghera, Peter Krens and Tim Hurst-Brown, with a deep understanding and knowledge of ECM, equity sales and research.

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The team has worked closely together for 15 years and raised over US$15bn of equity capital for small & mid-sized companies over this time – primarily in the oil & gas, mining, technology and FMCG sectors. Drawing on the team’s long standing track record, Tennyson starts life with a bank of corporate clients and institutional relationships built up over many years in the business.

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The new division is a strategic expansion of Shard Capital’s existing ECM capabilities. It will increase the range of services and strategic advice that can be offered to clients based on each unique set of requirements.

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Toby Raincock, CEO of Shard Capital, said: “We are delighted to welcome Tennyson to the Shard Capital team. Their high-quality market expertise and strong track record will be of great value to Shard Capital and deepens the pool of expertise within our ECM business. This is another significant step in our growth journey, following the launch of wealth management division LeifBridge last year. It will allow us to strengthen our personalised approach to clients and continue to deliver outstanding results as we expand and introduce new offerings.”

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Tennyson’s Pav Sanghera comments: “After 15 very successful years at Mirabaud, the Primary Team has decided to set up as Tennyson Securities. We are thrilled to be teaming up with Shard Capital, as we look to expand our ECM franchise. The team has a proven track record and a reputation as industry specialists with a diverse portfolio of corporate clients and institutional relationships. We look forward to building on this success, in close partnership with Shard Capital, and continuing to provide a high quality of service to new and existing clients, as we grow the business over time.”

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