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BPS to expand

NEWLY appointed state manager of stockbroking firm Bell Potter Securities Andrew Coppin (pictured) said he intended to build the group’s profile as part of an expansion for the business in WA.

Boasting 28 proper authority holders, Bell Potter slips into the top 10 broking houses in WA but is relatively unknown, largely due to a recent history of name changes on the back of mergers that have built the business nationally.

Mr Coppin, who has worked in the stockbroking and investment industry for the past seven years, said the company had widened its appeal through a new suite of products.

He also said that with about 25 per cent owned by international giant UBS Warburg, the company could provide the big deal flow from the UBS link as well as locally derived work from the WA corporate office.

AAR electricity

WITH a flurry of activity taking place in corporate Perth ahead of expected electricity reforms in WA, Allens Arthur Robinson has appointed an industry specialist to its St Georges Terrace office.

Adam Lippiatt has joined AAR’s Perth Energy Resources and Infrastructure practice group. Before coming to Perth, Mr Lippiatt practiced in Queens-land where he worked in the legal area of electricity distributor and retailer, Ergon Energy.

pSivida funding

AUSTRALIAN nanotechnology company pSivida reports that it has signed an agreement for a fully underwritten $7.5million equity line of credit facility with New York-based private equity group, Global Emerging Markets.

Under this facility agreement, GEM has committed to subscribe for the new equity over the next three years at pSivida’s option. The funding option is expected to provide pSivida with flexibility.

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