City investment bank Liberum has hired a senior dealmaker to fill the role exited by Bidhi Bhoma, who was promoted to its chief executive last year.
Nicholas How is joining its investment banking team to lead its coverage of support services and industrials. This role was previously held by Bhoma, until he took over as chief executive of Liberum in September last year.
How joins from broker Peel Hunt, where he led its industrials and business services division, and has also worked for Stifel and Dresdner Kleinwort during a 20-year banking career. Other recent hires at Liberum — former Rothschild banker Richard Lindlay, and Benjamin Cryer, who joined from Arden Partners — will report into How.
Liberum, traditionally a City broker, typically focuses on mid-market deals and has been expanding its investment bank in recent weeks.
It launched a new dedicated mergers and acquisitions team in July, hiring Tim Medak and Mark Harrison to co-head the unit. The two were co-founders of boutique investment bank Bullfinch Corporate Finance and are set to grow Liberum’s M&A business.
Bhoma was elevated to chief executive of Liberum in September last year after its founder, Shane Le Prevost, stepped back from the top job to focus on the strategic direction of the firm, rather than day to day management. Le Prevost founded Liberum in 2007.
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