Teathers, the UK stockbroker rescued after the collapse of Icelandic bank Landsbanki, has hired a team to lead its return to the listed funds market, as bankers predict a rise in secondary fundraising and restructuring mandates from these vehicles.

Alan Geeves joins Teathers as head of sales for investment funds, while James Waterlow, will be a director in the team. Both held similar positions at UK investment bank Collins Stewart.