Evolution Group

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Evolution Group plc
Industry Financial services
Founded 1999
Headquarters London, UK
Key people
Martin Gray, Chairman
Alex Snow, CEO
Revenue £129.4 million (2009)[1]
£11.1 million (2009)[1]
£9.2 million (2009)[1]
Parent Investec

Evolution Group plc is a leading British-based financial services business. It is headquartered in London and is a former constituent of the FTSE 250 Index. It was acquired by Investec in 2011.


The Company, formed in 1999 as Evestment plc, was initially listed on the Alternative Investment Market.[2] In 2000 it merged with Christows, a west country stockbroker.[3] In 2001 it bought a research house known as Evolution Capital and changed its own name to Evolution Group.[3]

It went on to merge with Beeson Gregory in 2002[4] and to acquire Williams de Broë in 2006.[5]

On 12 November 2004, Evolution Beeson Gregory was fined £500,000 by the Financial Services Authority for executing trades that distorted the market.[6] Evolution sold short 252% of the share capital of Room Service Group plc without any plan to settle the trades. Evolution's head of market making Christopher Potts was also fined £75,000.[7]

It was acquired by Investec in 2011.[8]


The Group is organised into two activities:

  • Evolution Securities: investment banking for mid-market companies
  • Williams de Broë: stockbroking and fund management


External links[edit]