James Taylor joined Numis as a managing director covering corporate broking and advisory on September 12, according to a person familiar with the matter.
Taylor, who spent nine years with JP Morgan after joining from HSBC in 2007, was deregistered from the US bank on the UK’s Financial Services Register on September 6. Taylor started his career as an accountant at EY, according to his LinkedIn profile, working there between 1996 and 2000 before joining HSBC.
While at JP Morgan, Taylor worked on IPOs including the 2015 listings of HSS Hire Group, Auto Trader Group and Sophos, according to individual deal documents for those transactions.
His role will see him work alongside Luke Bordewich, a former veteran of JP Morgan’s UK investment banking business, who joined Numis as a director in September 2015.
Numis ranks fourth for UK ECM activity in 2016 – including IPOs, follow-ons and convertible issuances – up from seventh at this point in 2015, according to Dealogic data. JP Morgan tops the table.
The broker is also making a greater mark in M&A than before, rising from 29th place a year ago to 18th. That is largely due to its work alongside JP Morgan as an adviser to UK software company Micro Focus International on its $ 8.8 billion agreed acquisition of Hewlett Packard Enterprises’ HPE Software subsidiary, struck earlier in September.
In late 2015, Numis’s then-chief executive Oliver Hemsley told FN that he hoped the firm would be a “suitable home” for investment bankers who tired of working for big houses. That comment followed the firm’s hire of ex-Barclays M&A banker Stuart Ord.
Hemsley said at the time of Numis’s M&A work: “We’ve gained credibility and pushed ourselves to companies that in the past might have gone to independent advisers.”