Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Panmure returns to funds market with Matrix hires

Panmure returns to funds market with Matrix hires

Panmure Gordon has hired a team from Matrix, marking the brokerage's return to the funds market. 

The team was until recently at Matrix Corporate Capital, but has joined Panmure and once integrated will be led by Paul Fincham and Phil Hopkins, who headed the 13-strong investment funds team at Matrix.

The brokerage said that its new team spans across the market comprising sales, research, market making and corporate finance.  It should be fully operational from Monday.

Phillip Wale, chief executive officer of Panmure Gordon, this morning welcomed Fincham, Hopkins and their colleagues on board.

'Panmure Gordon has a strong heritage in investment funds, and having recruited such a highly regarded dedicated team gives us an excellent opportunity to establish a leading position in the market,' he added.

According to reports, Wale is likely to seek out more opportunities for acquisitions, however his latest move sees the business return to the funds market.

Investment company research was part of Panmure's business until 2007 and its return will see the business diversify its revenue streams.

This could help Panmure continue its turnaround, having recovered from a £2.9 million loss for the six months ended 30 June 2011 to report a far more positive £2 million profit for the same stretch this year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter