 | |
| Industry | Financial services |
|---|---|
| Founded | 1999 |
| Headquarters | London, UK |
Key people | Martin Gray, Chairman Alex Snow, CEO |
| Revenue | £129.4 million (2009)[1] |
| £11.1 million (2009)[1] | |
| £9.2 million (2009)[1] | |
| Parent | Investec |
Evolution Group plc is a leading British-based financial services business. It is headquartered in London and is a former constituent of the FTSE 250 Index. It was acquired by Investec in 2011.
The Company, formed in 1999 as Evestment plc, was initially listed on the Alternative Investment Market.[2] In 2000 it merged with Christows, a west country stockbroker.[3] In 2001 it bought a research house known as Evolution Capital and changed its own name to Evolution Group.[3]
It went on to merge with Beeson Gregory in 2002[4] and to acquire Williams de Broë in 2006.[5]
On 12 November 2004, Evolution Beeson Gregory was fined £500,000 by the Financial Services Authority for executing trades that distorted the market.[6] Evolution sold short 252% of the share capital of Room Service Group plc without any plan to settle the trades. Evolution's head of market making Christopher Potts was also fined £75,000.[7]
It was acquired by Investec in 2011.[8]
The Ontario Lottery and Gaming Corporation added live dealer entertainment. At the end of October 2021, the Corporation announced its cooperation with the Evolution company.[citation needed]
The Group is organised into two activities:
