LONDON, June 8—After two moves designed to strengthen its U.S. corporate and financial communications practice, Manning Selvage & Lee this week announced a significant minority stake in a new U.K.-based corporate and investor relations firm, Capital Communications, launched by a trio of veteran London IR professionals.
Capital Communications MS&L, as the firm will be known, is led by Steffan Williams, former head of the international technology, media and telecoms consulting practice at Thomson Financial/Carson. He will be joined by Richard Campbell, previously head of corporate public relations at Citigate Dewe Rogerson, and Nick Lockwood, formerly an associate director at The Hogarth Partnership.
The move follows Manning’s acquisition of west coast investor relations specialist Pondel Wilkinson and its recruitment of former New York Stock Exchange communications executive Richard Simonelli to head its IR practice in New York. Capital Communications will work closely with both Pondel and Simonelli, according to MS&L chief executive Lou Capozzi.
According to Capozzi, “This strategic stake in Capital Communications will complement our existing PR strength in the UK market and, at the same time, help us to achieve our goal of building a worldwide financial communications capability.”
Capital Communications is expected to be a player in the lucrative mergers and acquisitions business in the U.K.
Says Williams, “This investment by MS&L means that Capital Communications is no ordinary London start-up business. As part of the MS&L network, we will work alongside similar financial communications businesses in other financial centee in Europe and around the globe, allowing us to act credibly for clients on an international basis from day one.
“It also means that we can access a huge wealth of complementary industry experience and marketing and communications expertise from within the Bcom3 Group. We believe that we can apply this knowledge to offer clients a more sophisticated approach to financial communications than is currently typical.”