Stockbroker Cenkos Securities posted a 47% jump in full-year profits and announced a number of board changes.The group said John Hodson will stand down as chairman at the end of March and will be replaced by Peter Sullivan, currently a non-executive director.Andy Stewart, the founder of the Cenkos, has also decided to move from the position of executive deputy chairman to non-executive deputy chairman with immediate effect. Profit before tax increased to £7.5m in the year ended 31 December from £5.1m last time. Revenues were up by 64% to £46.5m. The total dividend stands at 20p. 'We do not anticipate that the present global conditions will change significantly in the near future,' said chief executive Simon Melling.'We have made a satisfactory start to the year and have undertaken a number of corporate and issuance transactions, raising over £119m for our clients. We believe that Cenkos is well positioned to expand its franchise so as to take advantage of more benign markets when they return.'