Tim will join DC Advisory on 1 April 2024, and will focus on driving the UK business through its next phase of growth. Richard will continue to work with clients, whilst focusing on delivering the firm’s pan-European growth strategy. There will be a transitional phase with Richard remaining as UK CEO, pending Tim’s approval by the Financial Conduct Authority (FCA).

Tim joins from Radius, the £4bn revenue, mobility and connectivity provider to SMEs across 18 countries, where he is Chief Financial Officer and a member of the board. Tim also brings 25 years of investment banking experience, joining Rothschild & Co. as MD in 2015 to lead the Manchester team, where he focused on advising Private Equity and Infrastructure clients in the UK and Europe. Prior to this, he worked in Europe and Asia for EY, where he was most recently a partner leading the Business Services sector team in London.

Richard’s promotion to a European role follows 19 years at DC Advisory UK, including 14 years as UK CEO – overseeing the firm’s substantial expansion in that time. During Richard’s tenure as UK CEO, headcount for the UK business has nearly doubled to 211, whilst overall revenue numbers have quadrupled for the period. In the year to 31 January 2024, DC Advisory UK has advised on 33 transactions, generating a record level of revenue.

Hiroki Ikeda, Deputy Head of Global Investment Banking, Daiwa Securities, commented: “We are delighted to strengthen our European leadership team with both of these appointments. For the UK, Tim’s exceptional track record positions him perfectly to accelerate the past decade of expansion. And with Tim in post, Richard’s stewardship of the European business promises to further our commitment to delivering on our aim for DC Advisory to become the premier, mid-market investment bank, globally.”

 

Richard Madden, Executive Chairman, Europe, DC Advisory, said: “I have known Tim for a number of years, and he is a rare beast – a hugely accomplished corporate financier who shares our spirit. He is committed to doing his best for our clients and our people. He is driven and entrepreneurial and will bring huge energy to our business – with a sense of fun. I am genuinely excited to be working with him.”  

 

Tim Morris, UK CEO, DC Advisory, said: “DC Advisory has an incredible heritage, having provided investment banking advice to clients for over 100 years.  Under Richard’s leadership since 2009, he has helped DC Advisory UK create a differentiated culture where the focus is on teams working together from across the globe, to provide the right advice to clients and build long-term trusted relationships.  I am excited by the opportunity to build on these strong foundations and lead a talented and diverse UK team, to capitalise on the ambition of Daiwa Securities to help build the premier, mid-market investment bank, globally.”

 

This leadership change follows significant investment from DC Advisory’s parent company Daiwa Securities Group Inc., as it pursues its mission to become the premier, mid-market investment bank, globally. Recent activity includes the firm’s acquisition of IBI Corporate Finance in November 2023, the launch of a Benelux office in 2022, opening DC Advisory Thailand in 2021, the launch of DC Advisory Italy in 2019 and an acquisition to create DC Advisory Spain in 2019.

This marks the 31st senior hire for the international firm in 24 months as DC Advisory, along with shareholder Daiwa Securities Inc., continues to invest in the acquisition of top talent to deliver the premier, mid-market full-service investment bank, globally.

As featured in Financial News, the FT Newsletter, and Private Equity News 

About DC Advisory

DC Advisory is an international investment bank committed to making a difference. As part of an established global business, we offer access to over 700 professionals in 23 locations throughout Asia, Europe and the US. Across 11 industry focused teams, we offer tailored, independent advice on M&A, debt raisings and restructurings, private capital, secondary advisory and access to unrivalled Asia investment knowledge. For more information, visit http://www.dcadvisory.com/aboutus >