Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Panmure rings in new year with two senior hires

Panmure rings in new year with two senior hires

Panmure Gordon has appointed two new directors following a raft of changes during 2012.

The firm is one of London’s oldest stockbrokers and since 2009 has been 44%-owned by Qatari investment bank QInvest.

QInvest’s chief executive Tamim Al-Kawari has been given a spot on Panmure’s board with the aim of bringing ‘extensive Middle East knowledge and investment banking experience’ to the group, said Panmure Gordon chairman Ed Warner.

The group has also decided to appoint QInvest head of mergers and acquisitions Caspare Warr to the board, as the Qatari parent hopes to find areas of ‘strategic mutual benefit’ between the two businesses.

‘Panmure Gordon continues to make considerable progress. QInvest remains a long-term supporter of the firm and I look forward to working with my board colleagues on areas of strategic mutual benefit,’ Al-Kawari said.

In November last year head of Panmure’s investment bank Tim Linacre stepped down, and his resignation was followed by board directors Nader Shenouda and Asar Mashkoor.  The firm also announced its return to the funds market with hires from Matrix.

The changes came some months after new chief executive officer Philip Wale was appointed. He oversaw Panmure’s swing back in to profit following a strategic overhaul that saw administrative costs slashed from £11.4 million to £8.7 million.

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 Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter