LONDON - In a strategic move to strengthen their position in the UK's middle market, Panmure Gordon has joined forces with Liberum to establish Panmure Liberum, a newly formed independent investment bank. The merger, backed by Atlas (NYSE:ATCO) Merchant Capital and led by CEO Rich Ricci along with non-executive chairman Shane Le Prevost, aims to enhance services for mid and small-cap clients.
Panmure Liberum, with offices in London, New York, and Leeds, now serves a robust portfolio of over 260 corporate clients. The formation of this entity comes at a time when the UK's investment climate is facing headwinds, with a notable decline in M&A activity within the region. Despite these challenges, the leadership of Panmure Liberum is poised to deliver tailored financial solutions and advisory services to meet the unique needs of their clientele.
The backing of Atlas Merchant Capital, founded by Bob Diamond, provides a solid foundation for the new investment bank to navigate the complexities of today's market dynamics. The combined expertise and resources of Panmure Gordon and Liberum under the stewardship of Rich Ricci and Shane Le Prevost are expected to drive the growth and competitiveness of Panmure Liberum in the UK's financial landscape.
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