Integro has completed its acquisition of Tysers’ parent Hawkes Bay Holdings, marking its largest purchase to date.
The broker noted the acquisition nearly doubles the size of its current wholesale business, adding that the structures and cultures of the two businesses were “highly complementary”.
Integro said that it will now begin the process of merging its wholesale and retail operations with Tysers, with integration plans “well underway”.
The combined wholesale business will be led by Integro’s co-heads of wholesale, David Abraham and Jason Collins, whilst the combined corporate and private clients segment will be overseen by Integro’s head of UK retail Bob Pybus.
The entertainment and sport segment will continue to be led by Neil Clayton.
Abraham said: “This is a very exciting milestone in the history of both firms. Together, we have created a significantly larger wholesale platform, one which will bring a unique and attractive offering to the UK market and our international clients.”
Gary Andrews, Tysers’ head of North America added: “Integro and Tysers have similar cultures and ways of doing business. We have a great opportunity to attract and retain the very best, entrepreneurial talent in our industry.”