A new London-based broking operation, Q360, was launched today. The new entity will be led by David Merry as CEO, with Tawa providing the capital backing. Q360 Ltd will initially operate within the business sectors of onshore energy, property, binding authorities, professional indemnity and non-recourse finance construction.
The founders of Q360 are David Merry, Graham Kilby and Richard J. Burggraf Jr.
Central to the company’s operational platform is the technology used, using innovative processing software, as well as web-based products giving a uniquely efficient binding authority facility. Tawa’s subsidiary, Pro, has been retained to provide Q360’s post-placement services.
David Merry,CEO of Q360, said:“Q360 has been created by combining the best technology with exceptional broking talent. The wholesale broking sector has a number of systemic issues that many companies are failing to address or do not have the vision or capital to address. Q360 is a totally client-focused business and Tawa is a partner that shares our ambition and vision. Our aim is to innovate and capitalise in the challenging and exciting environment facing our sector. Our trading culture, like our business, is partnership-based and we are seeking to attract the industry’s best talent to expand the sectors in which we operate.”
David Vaughan, COO of Tawa plc said: “At Tawa, we realised that the wholesale broking sector presented an opportunity for a company operating from a high-tech platform, free of legacy issues. This combination gives markets efficient distribution and provides clients with access to broking talent free from external and internal distractions. David and his team have a track record of creating and delivering strategy. Q360 is a company built on a technologically advanced trading platform. Clients and markets will be mutual beneficiaries, which is good for the industry.”
