Panmure Gordon
Panmure Gordon was a UK based investment bank, providing a full range of services including investment banking, trading, research and sales with distribution to the UK, Europe and the US. On 1 July 2024 Panmure Gordon merged with Liberum Capital to create .
The firm was headquartered in the City of London at 40 Gracechurch Street. Upon the merger with Liberum, the newly-formed Panmure Liberum moved to Ropemaker Place, 25 Ropemaker Street.
Employing 150 people, Panmure Gordon was led by chief executive, Rich Ricci, who was appointed in 2020.
In 2009, Panmure Gordon welcomed QInvest, the leading investment bank in Qatar, as a strategic investor. In 2017 Panmure Gordon was acquired by Ellsworthy Limited, an entity owned and controlled by QInvest LLC and by a wholly owned subsidiary of a fund managed by Atlas Merchant Capital LLC.
History
The firm was founded in 1876 by Harry Panmure Gordon as Gordon & Co. and was subsequently renamed H. Panmure Gordon & Company. The firm's founder was a well-known member of the financial community in London and in 1892 H. Panmure Gordon wrote the book Land of the Almighty Dollar, a critical review of the U.S., particularly New York and Chicago. Panmure Gordon initially specialized in debt offerings for foreign governments. The firm also developed a reputation for conducting offerings for a large number of British and American breweries, including for the San Francisco Brewing Company in 1890.The company remained a small but influential player, primarily acting as a broker for a number of foreign governments. However, the firm largely avoided the wave of consolidation in the 1960s and 1970s, making only one small acquisition with the purchase of Windsor & Mabey in 1961.
In 1987, the firm was acquired by NationsBank was plotting a takeover of Panmure Gordon and had built up a 9% stake in it and had "hatched a turnaround plan for the struggling company".