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description=EVENING STANDARD THURSDAY, OCTOBER 30, 1975 THE STOCKBROKING firm with the oldest name in the City, Bragg, Stockdale, Hall, is merging with another broking outfit, Fiske. But the name, unchanged for 151 years, is to be preserved in the merged title of Fiske (also incorporating Bragg, Stockdale, Hall) . The London Stock Exchange, Capel Court, No.…;

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skip to content evening standard thursday october 30 1975 the stockbroking firm with the oldest name in the city bragg stockdale hall is merging with another broking outfit fiske but the name unchanged for 151 years is to be preserved in the merged title of fiske also incorporating bragg stockdale hall the london stock exchange capel court no 7 throgmorton street 1829 drapers hall nos 27 28 throgmorton street viewed from the stock exchange 1830 bragg stockdale hall and company began with john bragg esq from cumbria and friend and neighbour of the right honourable earl of carlisle being elected a member of the stock exchange on april 3rd 1824 with membership totalling 698 gentlemen bragg stockdale hall co image released into the public domain under cc0 1 0 his offices were at no 6 throgmorton street adjacent to the stock exchange at no 7 and from whom they were leased the offices were later taken by charles stanley founded in 1792 and then in 1960 absorbed into the trading floor of what later became known as the old stock exchange a piece of the marble of which forms part of the bragg company archive today the trading floor of the london stock exchange on throgmorton street incorporating the original offices of bragg postcard image and marble courtesy of the bragg stockdale hall co company archive his original client list included benjamin disraeli later earl of beaconsfield who speculated so heavily in the south american mining boom which followed the collapse of the spanish empire that he was still paying off his debts when he entered parliament in 1837 before going on to become prime minister in 1868 and again in 1874 in 1846 george stockdale esq also of cumbria was elected to the stock exchange and enterred into partnership with bragg they opened their account at the bank of england the following year bragg stockdale hall co image released into the public domain under cc0 1 0 bragg stockdale account ledger at the bank of england 1847 courtesy of the bank of england archive c98 3230 the success and reputation of bragg stockdale grew within the british empire and beyond as one can see from the number new enterprises around the world for whom they acted as brokers specialising in infrastructure projects such as mining telegraphs ports and railways contract note london 6 oct 1863 bought for account of jeremiah evans esq deputy lieutenant of the city of london 1215 1 2 million today courtesy of bragg stockdale hall co company archive in 1862 for example they purchased 50 000 50m today of bonds from the crown to be loaned to the colony of mauritius to build their railway network scrimgeours purchased half of the total of 200 000 worth 200 million today interestingly robert scrimgeour a scottish aristocrat was elected to the stock exchange the same year as john bragg 1824 and his company acquired by citicorp in 1986 when the financial markets were deregulated in what became known as the big bang mauritius railways 1890s john bragg died in 1868 and the probate value of the estate left to his family was reported at 30 000 close to 100 million adjusted realtive to gdp today mrs john bragg at the national portrait gallery in 1871 frederic evans hall esq of kensington was elected to the stock exchange as a full member bragg stockdale hall co image released into the public domain under cc0 1 0 in 1888 mr hall was made a senior partner and the firm took the name of bragg stockdale hall co courtesy of the bragg stockdale hall co company archive the times march 9 1908 protest by stockbrokers throgmorton street pictured moving into the 20th century bragg stockdale hall co was among the top twenty stockbrokers in london alongside cazenove james capel and quilter co witness their co signed letter in the times from march 9th 1908 to the then chancellor of the exchequer h h asquith later british prime minister and earl of oxford the company also featured heavily among the names of gentlemen of the city who died during the first world war including two of frederic hall s sons as stated on the stock exchange roll of honour over the years they moved offices first around the corner to no 57 old broad street in the 1890s and then along throgmorton avenue to salisbury house on london wall in the 1950s salisbury house london wall e c 2 offices of bragg from the 1951 and fiske from 1973 by that time their senior partner was lord lord michael sydney cedric brudenell bruce then titled viscount of savernake who had been elected to the stock exchange in 1954 and later became the earl of cardigan his ancestor famously led the charge of the light brigade in the crimean war of the 1850s he finally became the 8th marquess of ailesbury and took his seat in the house of lords in 1973 he himself served in the second world war in the royal horse guards being commissioned as a cavalry officer directly from eton in 1961 mr clive fiske harrison 2 was recruited out of the university of cambridge to panmure gordon founded in 1876 by senior partner ian cameron chairman of white s and father of future british prime minister david cameron he was elected a member of the stock exchange in 1965 by which point membership stood at 3 630 in 1973 he founded fiske co this was in the middle of the arab israeli war and subsequent opec oil embargo leading to prime minister edward heath declaring a state of emergency for the first time since wwii and the stock market falling 50 in six months by 1975 inflation was at 25 the uk was on the verge of banruptcy leading to the infamous imf for a bailout and phrases like poor man of europe and managed decline entered the lexicon that same year newcomer fiske merged as equal partner with bragg with the combined entity named simply fiske with clive and ailesbury as senior partners when fiske merged with bragg in 1975 it was noted in the press that an old and noble name that had not yet faded was joining with a new one with political connections and a client list on the way up the latter was what was regarded as important because heritage and history were not what britain was trying to sell nor the british trying to buy and the brand and the name were allowed to fade from view although as can be seen in the evening standard above the company was officially titled fiske co also incorporating bragg stockdale hall co in a retirement speech reproduced on the fiske plc website in 2023 clive referred to the transaction as an acquisition he has since confirmed that contemporary reporting was in fact correct and that the transaction was structured as a merger of two equal partners as reported by the council of the stock exchange in more than one way fiske continued the bragg traditions of multigenerational private client stockbroking alongside infrastructural investments like its work with telfos holdings originally charles clifford founded in 1776 where clive was also director which constructed trains from hungary to south africa and built the world s oldest locomotive still in service here in england fiske even structured a highly innovative although sadly eventually failed bid to purchase london city airport in 1991 which it led alongside cazenove co as second tier investor the abiding image of fiske at the high point of this form of stockbroking was hosting the annual summer parties hosting its clients including the champagne socialist commissariat of nalgo later unison the largest british trade union whose pension fund was managed by clive at the company s annual summer party on the the terrace of the houses of parliament overlooking the river thames courtesy of ailesbury the house of lords side of the terrace at the palace of westminster the uk s anti historical tide slowly turned and the old names of the city began to be bought up some grand houses like barings went bust 1890 almost 1995 definitively or dwindled into insignificance like panmure after the big bang in 1986 and thus rarity value increased and the survivors were acquired by larger entities quilters founded in 1771 by commercial union in 1988 james capel founded 1801 by hsbc group in 1994 cazenoves founded 1823 by j p morgan chase in 2010 and charles stanley founded 1792 by raymond james in 2022 at this point bragg and thus fiske inherited the title of oldest independent stockbroking firm in the city of london ailesbury became a director of fiske when it became a limited company and continued to be so when it went public and listed on the london stock exchange as a public company fiske currently has over 1 billion in assets under management clive fiske harrison esq sir michael brudenell bruce k g 8th marquess of ailesbury in 2014 clive stepped down as chief executive of fiske becoming executive chairman and his son alexander fiske harrison who was also lord ailesbury s godson was made an approved person by the financial conduct authority the modern equivalent of election to the stock exchange and joined the board in 1986 individual membership of the stock exchange ceased and was replaced by corporate membership with regulatory approval for directors stockbrokers wealth and investment managers etc in 2021 alexander unincorporated bragg having been gifted the former merger partner s assets the name intellectual property trademarks domain names and archive alexander remains a director of fiske and managing director of bragg in a nod to history he gave a share of bragg to his childhood friend lady kathryn brudenell bruce ailesbury s daughter polo star klarina pichler in the bragg red and white team colours defeats number one international polo player rosie ross in the quarter finals of the british ladies open at cowdray park in 2022 bragg sponsored the women s polo team las sacras romanas the holy romans captained by austria s number one female player edelfräulein klarina pichler in the british ladies polo open at cowdray park the polo equivalent of wimbledon bragg stockdale hall co incorporated at companies house 80 petty france westminster london sw1h 9ex united kingdom company number 13777423 contact braggstockdalehall com the times obituary for lord ailesbury in 2024 evening standard on clive fiske harrison s 50th anniversary in the city 2005 the times on alexander fiske harrison in 2023 the times magazine feature on alexander fiske harrison by giles coren in 2009 long read 11 pages online here hola magazine feature on alexander fiske harrison long read 9 pages online here in english translation about team history careers privacy privacy policy terms and conditions contact us social facebook instagram twitter x create a free website or blog at wordpress com loading comments write a comment email name website privacy braggstockdalehall com copy shortlink manage subscriptions sign up log in report this content