Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter