Dolmen in deal with BCP Stockbrokers

DOLMEN Butler Briscoe has bought the broking arm of BCP Stockbrokers in another example of consolidation in the industry.

Neither firm would disclose an amount for the transaction, which is subject to regulatory approval.

The combined firm will have €2 billion assets under management and about 20,000 clients. Dolmen Securities was founded by Paul McGowan and Ronan Reid and bought stockbroking group Butler Briscoe in 1998. It is majority-owned by Munich Re, the world’s largest re-insurance company.