Blue Blood: Cazenove in the Age of Global Banking

Cazenove & Co. was founded in 1823 and was the most prestigious stockbroking firm in the City of London. It was fiercely independent and had a low profile, but when the Big Bang revolutionised the City in 1986, it was the only one of the major stockbroking partnerships to stand apart from the merger frenzy. In 2000, Cazenove announced that it would abandon its partnership structure, raise external capital, and list its shares on the London Stock Exchange. Robert Pickering led the firm as Chief Executive throughout this period, and Blue Blood is a first-hand account of what it was like to manage an investment bank through a period of change.

Format: Hardback
Length: 400 pages
Publication date: 23 February 2023
Publisher: Whitefox Publishing Ltd

Cazenove & Co., established in 1823, held the esteemed title of the most prestigious stockbroking firm in the heart of London. Renowned for its legendary placing power and unrivaled network of client relationships, the firm stood tall as an independent entity, fiercely guarding its low profile and refraining from disclosing details of its own affairs or those of its esteemed clients. However, when the Big Bang revolutionized the City in 1986, Cazenove stood apart from the ensuing merger frenzy, defying the prevailing wisdom and steadfastly pursuing its unique path. The financial world. world was left stunned when, in November 2000, Cazenove announced its intention to abandon its partnership structure, raise external capital, and list its shares on the London Stock Exchange. Under the guidance of Chairman and City legend David Mayhew, Robert Pickering assumed the role of Chief Executive, leading the firm through a period of tumultuous change as they sought to define Cazenove's future in an industry increasingly dominated by colossal international banks. Blue Blood offers a firsthand account of the challenges and transformations faced by Cazenove during this pivotal era, showcasing how it evolved from a private partnership into a modern investment bank as part of the dynamic American giant J.P. Morgan.

Weight: 870g
Dimension: 167 x 241 x 40 (mm)
ISBN-13: 9781915036902