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UK broker Cazenove to extend global reach with JP Morgan alliance.

Byline: Ben Wright

Nov. 7--Cazenove executives are hoping the tie-up with US investment bank JP Morgan, announced on Friday, will allow the blue-blooded broker to extend its reach globally after decades of concentrating on the UK.

There was also speculation at the weekend about Cazenove's asset-management business, which was not included in the deal with JP Morgan. It is understood the unit, headed by Andrew Ross, has received a large number of expressions of interest.

Cazenove -- until Friday the last independent broker in the City of London --

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