Shane Le Prevost, executive chairman and chief executive of City broker and investment bank Liberum, is handing the reins of the company he founded 13 years ago to two key lieutenants.

Le Prevost has overseen the company since he founded it in 2007, but is stepping back to allow two senior staff to take on his dual roles, David Parsons and Bidhi Bhoma, during an ongoing period of upheaval for the broking sector.