Panmure Gordonwww.panmuregordon.com TICKER: PMR EXCHANGE: L
Panmure Gordon is a focussed, mid-sized, research-based, investment bank operating in four business areas - corporate finance, institutional equities, market-making in the UK and the USA and wealth management in the USA, with a branch in Switzerland providing institutional equities services to overseas investors. It also has a (now less significant) holding in an investment trust specialising in short/medium-term funding for private companies in the period ahead of an IPO. It specialises in high-technology growth sectors in the USA and mid-cap companies in the UK. It has large high-quality research departments in both the UK and the USA. In the UK market-making is primarily in companies for which it is corporate broker to help provide liquidity but is also a profit centre, while in the USA market-making is a support function to equity dealing and is a cost centre.