The launch of Integro has been announced today after the broker raised more than $300m (£155m) through the completion of a private securities placement.

The newly-formed global broker will be headed by Bob Clements as chairman, Roger Egan as chief executive, and Peter Garvey as president.

Integro will service commercial clients globally.

A statement said yesterday that it would open offices in London, Toronto, Bermuda and major US cities in the coming weeks.

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