Monday, March 9th 2009
Announcement
The Icelandic Financial Supervisory Authority (FME) has taken control of the operations of Straumur as the bank has been unable to raise sufficient funds to meet its short term financial obligations. The FME has appointed a Resolution Committee which has taken over all authority from the Board of Directors of Straumur.
As a result Teathers is not trading today (9th March, 2009) but continues to provide regulatory advice to its corporate clients. It is currently in discussions with the regulators about moving forwards and a further announcement will be made in due course
Tuesday, March 2nd 2009
Teathers appointed Nomad & Broker for Advanced Computer Software Plc
Advanced Computer Software Plc (“ACS”), a leading provider of software and IT services to the primary care sector, has announced appointment of Teathers as Nomad & Broker, replacing Collins Stewart.
Vin Murria, CEO, has over 20 years’ experience of working for private equity backed and publicly listed companies focused on the software sector. She was previously CEO of CSG, which merged with IRIS in 2007 and was subsequently sold to Hellman & Friedman for $1bn.
Michael Jackson, Chairman, is currently Chairman of PartyGaming and was Chairman of Sage Group until August 2006. He was also Chairman of CSG during Vin’s tenure as CEO.
For further information please contact:
Corporate Finance
Shaun Dobson
Dan Webster
Jorgen Solem
Equity Research
Kevin Ashton
Equity Sales
Rupert Woolfenden
Wednesday, February 25th 2009
Teathers hires a new team to re-enter investment funds arena
London – 25 February 2009: Teathers, part of Straumur-Burdaras Investment Bank hf which provides a fully integrated cross-border investment banking and institutional stockbroking service to corporate and institutional clients announces its re-entry into the investment funds sector. Led by Alan Geeves and James Waterlow, both formerly of Collins Stewart plc and Fairfax IS plc, the team will be charged with providing a full service to Investment Funds clients.
Leading the new team, Alan Geeves commented, “James and I are excited by our new challenge to re-establish Teathers in the investment funds arena. The platform provided by Teathers will enable us to offer a compelling proposition.”
Nick Stagg, CEO of Teathers commented, “We are delighted to welcome Alan and James to Teathers. Their arrival marks Teathers re-entry into the Investment Funds market and is the latest illustration of our momentum in building the business. Alan and James’ Investment Funds expertise, comprising over 35 years market experience will compliment our existing client services as we realise our ambition to build a broader-based company in the London market.”
For further information please contact:
Ed Gascoigne-Pees
Managing Director, FD
Tel: +44 (0)20 7269 7132
E-mail: ed.gascoigne-pees@fd.com
Caroline Parker
Vice President, FD
Tel : + 44 (0) 20 7269 7295
E-mail: caroline.parker@fd.com
About Straumur:
Straumur offers investment banking services to small and medium sized companies, institutional investors and individuals in the Northern and Central Europe and in the UK. Straumur operates 5 brands in 10 countries employing approximately 600 people. Straumur provides a broad range of services through Investment Banking, Securities, Asset Management and Merchant Banking. The company is headed by an international and experienced management team.
The bank has a healthy balance sheet and a strong capital position. Total assets amounted to €3,426m at 31 December 2008 and the capital adequacy ratio was 16.9% at the same time. Straumur is therefore well positioned for opportunities.
Friday. October 31st. 2008
Teathers
Straumur-Burdaras Investment Bank hf. and Teathers Limited completed an agreement on 31 October 2008 whereby Straumur acquired certain assets of Teathers.
Enquiries: