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BP Marsh raises Besso stake as chairman Wade steps down
2 November 2012
London-listed UK venture capitalist firm BP Marsh has raised its stake in Besso by 6.71 percent to 36.71 percent, as the London market broker's chairman Michael Wade has stepped down.
As predicted by The Insurance Insider on 1 November, Wade has sold his 15 percent interest in Besso to BP Marsh and unnamed US investors and has been replaced by CEO Colin Bird as chairman.
Wade - who bought into the firm and was the figurehead of a restructuring that...
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