‘Nothing sinister’ in ending of link

Wednesday 30th July 2008, 2:30PM BST.

DAWNAY Day Milroy has rebranded as Corazon Capital Management. The investment firm has announced a management buyout, ending a five-year affiliation with Dawnay Day.

It had entered into a licensing agreement in 2002 to use the Dawnay Day name, although it remained wholly managed and owned from the Channel Islands.

Joint managing director Paul Meader (pictured) said the rebrand was nothing to do with further efforts to distance the firm from its former namesake, which has run into financial difficulties recently. ‘Our association with Dawnay Day lasted for five years and it was a very happy period. This was a great opportunity to broaden the management team.

‘There is nothing sinister going on. Now that we’re owned entirely by the management, it made sense to move forward with a new name.’