H.E. Goodison

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H.E. Goodisoni

H.E. Goodison was a prominent brokerage firm based in London, England. The firm played a significant role in the financial markets of the United Kingdom, particularly during the mid-20th century. It was later known as Quilter Goodison after a merger.

History[edit]

H.E. Goodison was founded by Edmund Harold Goodison, a member of a stockbroking dynasty. The firm initially operated under the name H.E. Goodison and later became Quilter Goodison following a merger. The firm was known for its adherence to traditional brokerage practices, trading exclusively on behalf of clients and refraining from "own account" trading, a practice that was common among brokers of that era.

Leadership[edit]

Nicholas Goodison, the son of Edmund Harold Goodison, joined the family firm in 1958 after completing his education at Marlborough College and King's College, Cambridge. Despite initial reluctance and strong advice against joining the firm from his father, Nicholas became a partner in 1962 and eventually took over as chairman in 1975.[1]

The Big Bang and Transformation[edit]

During Nicholas Goodison's tenure, the firm and the broader London Stock Exchange underwent significant changes. The most notable of these was the "Big Bang" in 1986, a series of reforms that deregulated the financial markets in London. These changes included the abolition of fixed commission charges and the separation of brokers and jobbers, allowing for the entry of outside firms such as banks into the securities market. This transformation was aimed at increasing competition and modernizing the financial markets.[2]

Acquisition and Later Years[edit]

In 1988, Quilter Goodison was acquired by Commercial Union, marking the end of its independent operations. Following the acquisition, Nicholas Goodison left the firm and took on the chairmanship of TSB Group, where he continued to influence the financial sector until 1995.

References[edit]