Business in brief: Bank staff poached

INVESTMENT bank Canaccord Ingenuity has poached Charlie Clark and Stephen Hendrie from Barclays Wealth to run its newly-launched market making service, the first in Scotland since the Glasgow office of the London Stock Exchange closed.

Tim Hoare, chief executive of the Canadian bank, described it as an "important move". Canaccord is the UK's second largest market maker in smaller stocks.

Clark and Hendrie join the firm's four other Edinburgh-based employees to target Canaccord's existing client base of Scottish investment trusts. It launched its Edinburgh office in 2009 when it acquired corporate finance boutique Intelli Partners from its chief executive, Gordon Neilly.

WATER FIRM CLEANS UP

WATER quality engineering firm Panton McLeod has secured a deal with Scottish Water to clean and inspect water storage structures across the country for the next three years. The deal is expected to be worth a seven-figure sum for the Borders-based firm which has been providing services to the utility for a decade.

Panton McLeod also provides services to Severn Trent Water and United Utilities.

HAYWARD ON BOARD

TONY Hayward, the former chief executive of BP, who was forced to step down in the wake of the Gulf of Mexio oil spill, is expected to add the stockbroking firm Numis to his growing list of directorships.

He has retained a non-executive position at TNK-BP, the Russian joint venture, joined commodities trader Glencore and is a joint founder of oil and gas investment vehicle Vallares with the City financier Nat Rothschild.