Investment Banking

Imperial Brands broking switch hands Barclays big win

Blue-chip tobacco company's review of advisers sees Morgan Stanley step aside after a decade

Barclays: mandate win follows the JUne 2015 hire of broking veteran Phil Shelley
Barclays: mandate win follows the JUne 2015 hire of broking veteran Phil Shelley

Just weeks after changing its name, the £35 billion tobacco blue-chip Imperial Brands has changed its broking line-up, with Barclays stepping in less than a year after hiring broking veteran Phil Shelley to boost its ties with UK clients.

Imperial Brands, one of the world's largest tobacco groups whose market cap is more than £35 billion, said in a statement on February 23 that Barclays has been appointed as joint broker to work alongside existing broker Credit Suisse with immediate effect.

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