Goodbody secures Playtech role in first non-Irish FTSE 250 brokership

Stockbroking firm hired Piers Coombs last year to help UK expansion

UK focus: Goodbody has been appointed corporate broker for gaming firm Playtech

UK focus: Goodbody has been appointed corporate broker for gaming firm Playtech

 

Goodbody Stockbrokers has been appointed corporate broker for UK gaming firm Playtech, securing its first such role for a FTSE 250 company that does not have any Irish connections.

The move follows the hiring of Piers Coombs last year from Canaccord to head up the Irish firm’s corporate business in the UK and make headway in London’s mid-cap market.

The appointment is “a clear demonstration of Goodbody’s ability to grow our UK-facing corporate business since the opening of our London office”, Mr Coombs said.

Goodbody opened a London office in 2015, with its research focus in the UK mainly on the gaming and leisure, construction materials, airlines and financial services sectors.

Rival company Davy has engaged in a similar strategy to lower its dependence on the Irish market in recent years, as a number of companies have moved their main stock-market listing to London from Dublin.