18 Apr 2012 07:00
Panmure Gordon & Co. plc
("Panmure Gordon")
New chief executive appointment
Panmure Gordon & Co. plc is pleased to announce the appointment of Phillip Wale to the board as chief executive officer. Phillip will take up his position in the summer, subject to regulatory clearance, at which point current CEO Tim Linacre will be appointed as chairman of investment banking and remain a board director.
Ed Warner, chairman, commented: "We are delighted that, after an extensive search process, Phillip Wale will join Panmure Gordon to lead it through the next phase of the firm's development. With a strong background in the investment industry, he brings the right mix of broking knowledge and leadership experience to the role."
Mr Wale commented: "The Panmure Gordon brand is one of the City's oldest and most respected names in institutional broking and corporate finance. I look forward to working with my new colleagues to invigorate our client service, grow our roster of clients and drive the firm's profitability."
Mr Linacre said: "I am delighted to welcome Phillip to Panmure Gordon and to hand the baton to him. Corporate clients have always constituted a major part of my day to day work and I look forward now to being able to devote all of my time to ensuring they receive the very best that Panmure Gordon has to offer."
Phillip Andrew Wale, aged 48, has 31 years' industry experience. Beginning his career in convertible bonds, he spent 10 years at Goldman Sachs in New York and London, including as co-head of pan-European equities. He managed the equity businesses at Commerzbank and then at Knight Securities, where he was appointed European CEO. In 2004 he switched to fund management as CIO of a multi-strategy hedge fund, returning to the sell-side in 2007 with Collins Stewart. Phillip joined Seymour Pierce in 2010 and was appointed its chief executive in 2011.
He is currently a director of Seymour Pierce Limited and Seymour Pierce Holdings Limited and was formerly a partner of Wood Street Capital LLP. Save as set out above, there is no further information to be disclosed under Schedule 2 paragraph (g) of the AIM Rules.
Enquiries:
| Panmure Gordon | ||||||||||||||
| Ed Warner | ||||||||||||||
| Tim Linacre | 020 7459 3600 | |||||||||||||
| FTI Consulting | ||||||||||||||
| Billy Clegg | 020 7269 7157/07977 578153 | |||||||||||||
| Ed Gascoigne-Pees | 020 7269 7132/07884 001949 | |||||||||||||
| Grant Thornton (NOMAD) | ||||||||||||||
| Gerry Beaney | ||||||||||||||
| Salmaan Khawaja | ||||||||||||||
| Jen Hatter | 020 7383 5100 | |||||||||||||
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