Evolution Group plc is a leading

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English ...

-based financial services business. It is headquartered in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

and is a former constituent of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

. It was acquired by

Investec Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the Londo ...

in 2011.

History

The Company, formed in 1999 as ''Evestment plc'', was initially listed on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows ...

. In 2000 it merged with ''Christows'', a west country

stockbroker A stockbroker is a regulated broker, broker-dealer, or registered investment adviser (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks ...

.Abbot in talks to buy back EVC Christows
Independent, 11 February 2001 In 2001 it bought a research house known as ''Evolution Capital'' and changed its own name to ''Evolution Group''. It went on to merge with ''Beeson Gregory'' in 2002 and to acquire ''Williams de Broë'' in 2006. On 12 November 2004, Evolution Beeson Gregory was fined £500,000 by the

Financial Services Authority The Financial Services Authority (FSA) was a quasi-judicial body accountable for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 19 ...

for executing trades that distorted the market. Evolution sold short 252% of the share capital of Room Service Group plc without any plan to settle the trades. Evolution's head of market making Christopher Potts was also fined £75,000. It was acquired by

in 2011.Investec wins fight for Evolution with £230m deal
The Telegraph, 9 September 2011 The Ontario Lottery and Gaming Corporation added live dealer entertainment. At the end of October 2021, the Corporation announced its cooperation with the Evolution company.

Operations

The Group is organised into two activities: * Evolution Securities: investment banking for mid-market companies * Williams de Broë: stockbroking and fund management

References

External links

Official site
{{Authority control Defunct companies based in London Financial services companies established in 1999 1999 establishments in England