US investment bank takes minority ownership stake in CRUX

Elliot Gulliver-Needham
clock • 2 min read

Stephens, an American financial services firm, is set to take a minority ownership stake in CRUX Asset Management. Subject to FCA approval, Stephens will hold approximately 20% of CRUX share capital, with new ordinary shares issued to support the deal. John Stephens, who is currently a senior vice president with Stephens' affiliate Stephens Inc, will join the CRUX board as a non-executive director. Stephens is based in Little Rock, Arkansas, with a European practice in the UK and Germany. Founded in 1933, the firm is one of the largest privately owned investment banks in the United...

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