Cavendish promotes Farrugia to managing partner

Farrugia was a partner at the firm for eight years prior to this announcement and will continue to be based in London. He has previously acted as vice-president in M&A at Canaccord Genuity and, prior to that, as an associate director at Cavendish.

Farrugia also held positions at Strata Partners and Close Brothers Corporate Finance, and co-founded a software-as-a-service business called Guguchu.

Further hires at Cavendish are planned at analyst and executive level, following the merger of FinnCap Group and Cavendish in 2018. The group recently added alternative capital and family wealth to its offering, and is looking to add an origination function in the near future, according to a statement.

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