Cooper Gay Swett Crawford grows 21 percent in emerging markets

Cooper Gay Swett Crawford's (CGSC) 2011 results have revealed a 21 percent revenue growth in emerging economies.

The results also show a 10 growth in revenue from London and other European territories. The broker had a turnover of $344m and EBITDA of $69m. Toby Esser, chief executive of CGSC, said that despite the considerable market losses in 2011, trading conditions across the year were still tough with pricing subdued.

“This was most notable in the US although we did see some pricing improvement in the latter part of the year,” he said. “Our business has therefore shown great resilience in the face of these challenges and following a period focused on integration we are now looking outwards for the next substantial step forward for CGSC.”