Execution Holdings, a full-service agency broker, has agreed to acquire Noble Group, a UK based independent mid and small cap investment bank. The merged entity will be called Execution Noble. The offer is subject to the consent of the Financial Services Authority.

The transaction will add strengths in execution; equity sales and trading; research; M&A; corporate finance; corporate broking; equity capital markets; and corporate access, according to a statement.

Execution Noble will have some 250 staff and wholly-owned operations in London, Edinburgh, Paris, Frankfurt, New York, Boston, Greenwich Connecticut, Mumbai and Hong Kong. Noble Group had opened India office last year.

Both companies are majority owned by their respective managements and staff. The group will be headquartered in London while retaining a strong Scottish presence.


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