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Foster Denovo appoints chairman to replace Carby

Foster Denovo appoints chairman to replace Carby

Foster Denovo has appointed David Currie as its new chairman to lead it through the next phase of its expansion.

It follows the decision of Keith Carby to step down from the role when his successor is in place.

Mr Carby announced he would step down as chairman of the firm he co-founded when his three-year term as a non-executive director ends.

Mr Currie has more than 20 years' experience in the financial services industry and currently leads Codex Capital, an advisory and investment consultancy he co-founded in 2014.

Before this he served as head of investment banking and securities at Investec Bank, where he was responsible for advisory, broking, ECM, sales, trading and research.

Roger Brosch, chief executive of Foster Denovo, said: “We'd like to welcome David Currie to the Foster Denovo board.

“His merger and acquisition experience makes him perfectly-placed to guide the company during this critical expansion phase, and we are looking forward to working closely with him to further develop, and deliver, our growth strategy.”

Mr Carby founded Foster Denovo in 2005 with Mr Brosch and oversaw its management buyout from Tenet two years later.

As well as becoming chairman of Foster Denovo, Mr Currie will also become chairman of Sequel Investments, the fund management business which is an appointed representative of Foster Denovo.

Mr Currie said: “I’m looking forward to working alongside Roger and the rest of the board, helping to guide and accelerate growth, part of which will be through M&A activity.

“Foster Denovo has navigated the regulatory and technology challenges of its industry extremely effectively, and has the infrastructure and quality of people to mean it is well positioned to benefit from the current phase of market consolidation."

damian.fantato@ft.com