FinnCap and Cenkos Names Set to Disappear From City of London

London brokers FinnCap Group Plc and Cenkos Securities Plc are planning to ditch their names when they complete a merger aimed at surviving tough market conditions.

The combined entity is expected to be renamed using the Cavendish brand, according to people familiar with the situation. The name comes from Cavendish Corporate Finance, the advisory business founded by Howard Leigh that was bought by FinnCap in 2018. The planned rebrand still requires board approval, one of the people said.

The deal is expected to complete on Sept. 8 after receiving regulatory approval last month.

The two corporate brokers agreed to ...