McDouall Stuart acquires Wellington broker

McDouall Stuart managing director Andrew McDouall said that Waddell Johnston McCarthy is widely recognised for its systems and global dealing capability.

Waddell Johnson McCarthy, headed by Ian Waddell, was founded in 2003 and has established a very successful private and institutional client base.

McDouall says "there is a good fit and considerable synergies between the firms." Waddell has been invited to become a director of McDouall Stuart.

Following the acquisition, McDouall Stuart Group's two NZX participants (being McDouall Stuart Securities and Waddell Johnston McCarthy) will be working toward legal amalgamation as soon as is practical.

McDouall Stuart previously acquired the Hawkes Bay NZX firm L R Singleton.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CEN - Despatch of Manawa Scheme Booklet
Manawa Energy Scheme Booklet and Notice of Meeting
Spark announces strategic network partnership with Nokia
May 19th Morning Report
Infratil Newsletter - May 2025
Devon Funds Morning Note - 16 May 2025
Manawa Energy FY25 Financial Results and Annual Report
Fletcher Building Divisional Restructure, Executive Changes
May 16th Morning Report
MCY - Retirement of director