WH Ireland’s former chief executive Laurie Beevers, who heads WHI Stockbrokers, has joined Beaufort Securities with four others to lead the firm’s Welsh expansion.
Beevers, along with Paul Weston, Andrew Jones, Michael Lee and James Rowbotham have joined Beaufort as stockbrokers. They will also offer wealth and corporate broking services.
WHI Stockbrokers was established following Beevers and Weston’s buyout of WH Ireland’s Colwyn Bay office in 2009. It had been run as an appointed representative of WH Ireland until the team decided to switch and operate under the Beaufort umbrella.
Beevers was previously chief executive of WH Ireland from 2001 to 2008, when he became deputy chairman, working alongside group managing director David Youngman. The duo were suspended in 2009 following the last minute collapse of merger talks between Blue Oar and WH Ireland.
At the time, it was understood that the pair fell out with management after they indicated that they would vote against the re-election of WH Ireland’s Richard Ford, who had succeeded Beevers as chief executive, and chairman Rupert Lowe.
After his suspension, Beevers joined forces with Weston, a regional director, to acquire WH Ireland’s Colwyn Bay branch for an undisclosed sum.