IDENTITY STATEMENT
Reference code(s): GB 0074 CLC/B/039
Held at: London Metropolitan Archives
Title: CAZENOVE AND COMPANY
Date(s): 1853-2003
Level of description: Collection
Extent: 356 production units.
Name of creator(s): Cazenove and Co | investment bankers
CONTEXT
Administrative/Biographical history:
The origins of Cazenove can be traced to the early Huguenot financiers who left France for Geneva in the late 17th century after the Revocation of the Edict of Nantes in 1685. In time, a number of the Huguenots left Geneva for the City of London, including members of the Cazenove family. The founder of the firm was Philip Cazenove (1798-1880). It began in 1819 when Philip joined the business of his brother-in-law John Menet with whom he went into partnership in 1823. John Menet died in 1835 and Philip subsequently went into partnership with Joseph Laurence and Charles Pearce, before branching out on his own and then forming a new partnership in 1854 with his son and nephew. Involved in issues ranging from His Highness the Nizam's State Railway Company to the Metropolitan Sewage and Essex Reclamation Company, his business prospered. Following Philip's death in 1880, the business continued to flourish and by the mid 1930s had become one of the City of London's pre-eminent stockbroking partnerships.
In the 1980s, Cazenove played an important part in most of the British Government's privatisation issues. In the turbulent period of "Big Bang" in the mid 1980s, which revolutionised the workings of the City, Cazenove retained its independence. Throughout the 1980s and 1990s it expanded its business, both domestically and internationally. The firm incorporated in April 2001, raising equity and debt finance from some of the leading institutional investors in the UK. During 2002, it opened offices in Frankfurt, Paris and Beijing and began the restructuring of its fund management business. In the UK, it continued to extend its competence and market share in the mergers and acquisitions, financial advisory and equities businesses.
On 5 November 2004, Cazenove announced that it would combine its investment banking business with JPMorgan's UK investment banking business in a new investment banking company to be owned jointly and called JPMorgan Cazenove. The 50% interest in JPMorgan Cazenove was held by Cazenove Group, a private company. In 2009 the remaining 50% of the business was bought by JPMorgan.
Over the years the firm has been known under a variety of names: Menet and Cazenove, 1823-35; P. Cazenove and Company, 1835; Laurence, Cazenove and Pearce, 1836-54; P. Cazenove and Company, 1855-84; Cazenove and Akroyds, 1884-1932; Cazenove, Akroyds and Greenwood and Company, 1932-1954; Cazenove and Company, 1954-2004; Cazenove Group, 2004-. The company was based at: 7 Old Broad Street, 1823-35; Auction Mart, Bartholomew Lane, 1836-54; 39 Lothbury, 1855-1859; 52 Threadneedle Street, 1859-1919, 43 Threadneedle Street, 1919-1926; 10 Old Broad Street, 1926-37; 12 Tokenhouse Yard, 1937-2003; 20 Moorgate, 2003-.
CONTENT
Scope and content/abstract:
Records of Cazenove and Company, investment bankers. The records are especially strong for financial records (including partners' and staff ledgers), and the company's late 20th century history, particularly the period around "Big Bang" in the 1980s, and leading up to incorporation in 2001. As well as partnership deeds, minutes, accounts and financial records, they include the papers of a number of partners, including Mark Loveday who was Senior Partner 1994-2001 and retired on the point of incorporation, and a significant amount of material gathered in the course of research for the company's history. The archives include copy material dating from 1823.
The archives are subject to a 30 year closure rule and are on 24 hours call. Access to some of the correspondence is subject to special conditions. For further details about access, please enquire with staff.
ACCESS AND USE
Language/scripts of material: English
System of arrangement:
The archive has been arranged as follows: corporate records, including partnership deeds and minutes, Ms 39301-19; records of internal administration, Ms 39320-3; financial records, Ms 39324-40; operational records, Ms 39341, 43-62, including overseas operations, Ms 39363-8, and partners' and staff papers Ms 39369-426 (for Anthony Hornby, David Barnett, Peter J. Smith, Jimmy Young, David Mayhew, Mark Loveday, Rae Lyster, Henry de Lerisson Cazenove, Peter Brown and Anthony Forbes); notes compiled in connection with the history of the company, Ms 39427-72; papers concerning archives, artefacts, paintings and memorabilia, Ms 39473-4; printed items, Ms 39475; Greenwood and Company, Ms 39342-42A ; PAT Syndicate Limited, Ms 39340A.
Conditions governing access:
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 2018
Conditions governing reproduction:
Copyright to this collection rests with the City of London.
Finding aids:
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
ARCHIVAL INFORMATION
Archival history:
Immediate source of acquisition:
The archives were gifted to the Manuscripts Section of Guildhall Library by JPMorgan Cazenove on 29 January 2007 and transferred in 2007 and 2010.
ALLIED MATERIALS
Related material:
Two items were retained by The Cazenove Charitable Trust: presentation book to Antony Hornby, Senior Partner, 30 April 1970; Antony Hornby, My Life at Cazenove's (privately published, 1971) (draft text and notes in Ms 39454).
Publication note:
For further details of the history of the firm to 1991, see David Kynaston, Cazenove & Co: A History (London, 1991).
DESCRIPTION NOTES
Date(s) of descriptions: November 2010 to January 2011, updated August 2018.