trending Market Intelligence /marketintelligence/en/news-insights/trending/_ITELvKf87aPYgmaS1phLA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Ex-Numis CEO's bid to acquire majority stake in Nex Exchange collapses

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Ex-Numis CEO's bid to acquire majority stake in Nex Exchange collapses

British entrepreneur Oliver Hemsley's bid to acquire a majority stake in London-based Nex Exchange Ltd. has collapsed, the Financial Times reported, citing a statement from Nex Exchange's owner, CME Group Inc.

A group of investors led by Hemsley, founder and former CEO of Numis Corp. PLC, had agreed to inject £10.5 million into Nex Exchange in return for a 55% stake, valuing the trading platform at £20 million. The investment was expected to complete in the second half of the 2018/19 fiscal year, with Hemsley to replace Patrick Birley as CEO of Nex Exchange.

However, CME Group, which itself completed the purchase of Nex Group Ltd. in November 2018, said in a statement that Nex Exchange will now remain a part of the group's business and will continue to evaluate strategic options related to the firm. Birley will remain CEO.