Duncan Perring and David Soden were appointed Joint Special Administrators of the Firm under the Investment Bank Special Administration Regulations 2011 on 25 September 2026 following an application by the Firm’s directors.
The Joint Special Administrators have been appointed to manage the affairs, business and property of the Firm. As a result of our appointment, the management powers of the existing officers, directors and members of the Firm no longer apply.
The Joint Special Administrators act as agents of the Firm and contract without personal liability. In performing their work in relation to this appointment, the Joint Special Administrators are bound by the Insolvency Code of Ethics and regulated by the Institute of Chartered Accountants in England & Wales.
A Frequently Asked Questions (“FAQ”) document to assist clients and creditors with questions about the effect of the Special Administration is available:
Clients may contact: iticapitalclients@teneo.com for further information.
Creditors and suppliers may contact: iticapitalcreditors@teneo.com for further information.
Please note that the restrictions imposed on the Firm by the Authority remain in place following the Joint Special Administrators appointment. The full terms of the Authority’s requirements on the Firm can be viewed using this link:
All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from the Authority or the Firm, please end the call and call them back using an independently verified number or contacting the mailbox address provided by the Joint Special Administrators in their FAQ. More information about this can be found on the Authority’s website at: https://www.fca.org.uk/consumers/protect-yourself-scams
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All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from the Authority or the Firm, please end the call and call them back using an independently verified number or contacting the mailbox address provided by the Joint Special Administrators in their FAQ. More information about this can be found on the Authority’s website at: https://www.fca.org.uk/consumers/protect-yourself-scams
Effective 10 July 2025, ITI Capital Limited (the “Company”) has agreed with the Financial Conduct Authority (“FCA”), our regulator, to place additional voluntary restrictions on its business activities.
As a result, we are no longer able to conduct any regulated activity (including trading).
Under these requirements, the Company:
Apart from these exceptions, we will not accept any new client money or custody assets from existing or new clients in any business area.