Panmure Gordon welcomes QInvest as significant new shareholder

Highlights:

Strategic investment in Panmure Gordon by QInvest
* QInvest is Qatar's largest investment bank with US$1 billion of authorised
capital and investments i n the Middle East, UK, continental Europe and the
US.
* Shahzad Shahbaz, CEO of QInvest, spent 25 years with Bank of America where
he was, until 2006, based in London as head of regional investment banking
for Europe, Middle East, and Africa. Subsequent to this, he was CEO of the
Emirates NBD Investment Bank in Dubai.

Placing will significantly enhance Panmure Gordon's balance sheet
* On a pro-forma basis, the Group will have regulatory assets of
approximately £45 million, representing over 3.5 times the regulator's
required minimum.
* The enhanced balance sheet strength will furthe r enable the Group to
execute client transactions and to be a counterparty of choice for
institutional investors.

Related articles by Zemanta

• Panmure bidder reveals strategy (telegraph.co.uk)