Boss of collapsed Beaufort Securities plots moves into takeaway industry

 

The former boss of Beaufort Securities has set up an Indian takeaway company just months after the broking firm he ran collapsed following an FBI sting.

City broker Beaufort Securities fell into administration in March following a dramatic sting operation involving the Mayfair art scene and a Pablo Picasso painting.

Image https://www.linkedin.com/in/tanvier-malik-6b46559/

Now Tanvier Malik, Beaufort’s former chief executive and largest shareholder, who was not named in the allegations, has set up a London-based food business under the name Sanderson Kitchens Limited.

Sources said he was close to signing a deal with a large restaurant firm and plans to officially launch the company in January.

A friend said he had had the idea for “a while” but had only had time to go through with the project since the fall of Beaufort, which he had been running since 2012.

It is not his first foray into the food industry. Years ago, Mr Malik helped raise funds to launch Westminster fine dining curry house the Cinnamon Club, a 200-seat venue popular among MPs.

The collapse of Beaufort Securities left thousands of clients fearing large losses earlier this year after administrator PwC said it could tap into client funds to pay an insolvency bill. A proposal was later agreed that spared most customers from the costs.

The collapse also left around 100 staff facing an uncertain future. A friend of Mr Malik’s said he is helping former employees find roles.

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