Cazenove is a British stockbroker, founded in 1823, with a long, illustrious history. Till recently it was one of the UK's last independent investment banks. In November 2004, JPMorgan Chase announced that it would buy a 50% in the stockbroker with a call option to buy the remaining 50% stake over the next 5 years.

The bank had a turnover of £251.4m ($452m) in 2003/04 and is comprised of three entities:

• Cazenove Private Equity
• JPMorgan Cazenove, a joint venture, established in 2004, combining Cazenove's investment banking operations with JP Morgan's UK investment banking business
• Cazenove Capital Management, which handles £7.6bn in assets

The bank recently decided to dispose of Cazenove Capital Management.

It is rumoured that among the bank's most famous clients are the Queen and David Beckham.

External links

• Cazenove & Co.
• JPMorgan Cazenove