JP Morgan Cazenove, one of the biggest beneficiaries of Dresdner Kleinwort’s decision to pull out of the UK corporate broking market, has snapped up another former client of the German investment bank after being appointed joint broker to UK kitchen maker Galiform.

Galiform, which is listed on the FTSE Small-Cap index and has a roughly £333m (€386m) market capitalisation based on its current share price, said in a statement late yesterday that JP Morgan Cazenove will be joint broker and financial adviser alongside UBS.