Panmure Liberum has launched new debt advisory and personal capital divisions and confirmed its govt crew, after the completion of the merger between the 2 mid-sized funding banks.
The brand new enterprise items are aimed toward increasing the enlarged group’s enterprise amid a difficult interval for UK specialist brokers as a consequence of an absence of inventory market flotations and a reducing variety of smaller London-listed corporations.
The debt advisory crew will likely be led by Dan Howlett, vice chair and head of debt advisory, and Ben Handler, managing director and head of enterprise origination.
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The unit will assist shoppers to entry swimming pools of liquidity from lending banks and debt funds for a variety of functions, together with day-to-day working capital, M&A and structured financing.
In the meantime, the personal capital division will likely be based mostly in Cambridge, supporting revolutionary and rising companies within the healthcare and life sciences sector to entry funding from buyers.
The crew will likely be led by Freddy Crossley and Ed Rayner, who’ve expertise in funding and advising healthcare and life sciences firms.
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As beforehand introduced, Barclays veteran Wealthy Ricci will lead Panmure Liberum as chief govt, with former Liberum boss Bidhi Bhoma as deputy chief govt.
Panmure Liberum confirmed that Dru Danford, who beforehand led Liberum’s dealmaking unit, will maintain the place of head of funding banking and Stephen Jones, Panmure’s former head of funding banking, as chair of funding banking.
“At this time marks a significant step ahead in our ambitions to create a brand new, optimistic drive in UK funding banking,” stated Ricci. “Collectively, and with the assist of Atlas Service provider Capital, we now have rapidly recognized and constructed new capabilities to fulfill the altering wants of our shoppers and our institutional community. Our enlarged enterprise, deep expertise pool and bold development technique has already attracted a few of the sector’s main practitioners, including to our long-term prospects and the numerous market alternative. As a completely consolidated enterprise now working beneath one roof, we’re vastly excited concerning the journey forward.”
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Panmure Gordon and Liberum agreed to merge in January, creating the biggest adviser to London-listed firms.
Atlas Service provider Capital, the funding agency run by former Barclays chief Bob Diamond, purchased a majority stake in Panmure Gordon in 2018 alongside the Qatari royal household.
