Panmure Gordon (PMR.L: Quote, Profile, Research, Stock Buzz), the venerable UK stockbroker which is 44 percent-owned by Qatar's top investment bank, told Reuters it wants to expand its asset management arm and may consider small acquisitions.
"It's possible that I'll go off and buy something," Panmure Chief Executive Tim Linacre told the Reuters Global Finance Summit in London.
Panmure Gordon, which was founded in London in 1876, historically had an asset management business but Linacre said this division had undergone several restructurings over the years as Panmure went through a series of ownership changes, which included spells being owned by Lazard and WestLB.
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