Thomas Lloyd Group, the UK financial services firm, has announced the sale of its 80 per cent stake in DKM Asset Management Wertpapierhandelsbank AG, its German subsidiary, following a strategic review. The division, which reported a pre-tax profit of £3.4m in 2006, was no longer considered core to Thomas Lloyd's long-term strategy. Herax Partners has been hired to source a buyer for the business, and according to reports it is of particular interest to find a UK buyer. Close Brothers and Collins Stewart PLC have been named as possible sources of interest.