Shaw and Partners hires two new advisers
Shaw and Partners co-chief executive officer Earl Evans announced the appointment of two new advisers on Wednesday, continuing the stockbroking firm's rampant hiring spree
Shaw and Partners co-chief executive officer Earl Evans announced the appointment of two new advisers on Wednesday, continuing the stockbroking firm's rampant hiring spree.
John Wardman from Macquarie Private Wealth has joined the Sydney office while Brisbane-based Luke Koekoek has been poached from Morgan Stanley Private Wealth after six years with the bank.
"John has spent the last 13 years with MPW and has over 25 years' experience in our industry and a very solid book of business," Evans said in an internal email. "John's trailing 12 months was over $800,000 and he has an extensive network of contacts/clients that will add great value to the firm."
It's understood Koekoek, who worked at Macquarie Private Wealth prior to Morgan Stanley, will start at Shaw in a few weeks time.
"Luke was a top producer at MS as he was at MPW with close to $1 million in revenue, largely from fee based accounts," Evans said,
As reported by Street Talk earlier this month, Shaw and Partners posted a 17 per cent increase in net profit to $1.3 million for the 12 months ended June 30.
Dividends paid amounted to $900,000 over the year, up from $720,000 in the prior period, accounts lodged with the corporate regulator showed.
Revenue jumped to $62.8 million for the year from $49.7 million, buoyed by higher stockbroking, portfolio management and corporate finance revenue. Floats that Shaw helped manage include National Veterinary Care, Medlab Clinical and Shaver Shop Group.