Winterflood plans IT foray

Winterflood Securities, the investment broker that is part of the Close Group, plans to begin trading in investment trusts later this year. Winterflood has confirmed it has hired 15 people from HSBC's investment trust team and has scheduled the launch of its investment trust business for the beginning of August Mike Hines, joint chief executive officer at Winterflood, confirmed that as well as recruiting Charles Cade, head of investment trust research at HSBC, Winterflood has also taken James Moseley, head of sales, Tom Drurie, head of corporate broking, and Richard Browne, head of ma...